News stories about Columbia Banking System (NASDAQ:COLB) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Columbia Banking System earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.7828094474387 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
COLB has been the topic of a number of research analyst reports. BidaskClub raised shares of Columbia Banking System from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Sandler O’Neill reissued a “hold” rating and set a $48.00 price objective on shares of Columbia Banking System in a report on Friday, January 26th. Zacks Investment Research lowered shares of Columbia Banking System from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies reissued a “buy” rating and set a $53.00 price objective on shares of Columbia Banking System in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $46.00 price objective on shares of Columbia Banking System in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Columbia Banking System currently has an average rating of “Hold” and an average target price of $48.00.
Columbia Banking System (NASDAQ COLB) opened at $44.13 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. Columbia Banking System has a 52-week low of $35.67 and a 52-week high of $48.06. The stock has a market cap of $3,228.31, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Columbia Banking System’s payout ratio is presently 46.32%.
About Columbia Banking System
Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.
Receive News & Ratings for Columbia Banking System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Banking System and related companies with MarketBeat.com's FREE daily email newsletter.