Somewhat Positive Media Coverage Somewhat Unlikely to Affect Columbia Banking System (NASDAQ:COLB) Share Price
Headlines about Columbia Banking System (NASDAQ:COLB) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbia Banking System earned a news impact score of 0.01 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Columbia Banking System, Inc. (COLB) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- PiperJaffray Upgrades Rating On Columbia Banking System, Inc. (COLB) (highlightpress.com)
- Columbia Banking System, Inc. breached its 50 day moving average in a Bearish Manner : COLB-US : July 31, 2017 (finance.yahoo.com)
- DA Davidson Comments on Columbia Banking System, Inc.’s Q3 2017 Earnings (NASDAQ:COLB) (americanbankingnews.com)
- Columbia Banking System, Inc. (COLB) Expected to Announce Quarterly Sales of $140.52 Million (americanbankingnews.com)
Columbia Banking System (NASDAQ COLB) traded down 1.34% on Thursday, hitting $38.88. The stock had a trading volume of 148,982 shares. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.04 and a beta of 1.22. Columbia Banking System has a 52 week low of $30.00 and a 52 week high of $45.68. The firm has a 50-day moving average of $39.66 and a 200 day moving average of $39.38.
Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $110.30 million for the quarter, compared to analysts’ expectations of $112.27 million. Columbia Banking System had a net margin of 25.82% and a return on equity of 8.99%. During the same quarter last year, the company posted $0.44 EPS. On average, analysts predict that Columbia Banking System will post $2.07 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, August 7th. Columbia Banking System’s dividend payout ratio (DPR) is presently 44.67%.
COLB has been the subject of several research analyst reports. Piper Jaffray Companies decreased their target price on Columbia Banking System from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. Royal Bank Of Canada reiterated a “hold” rating and set a $44.00 price target on shares of Columbia Banking System in a research note on Tuesday, May 9th. Zacks Investment Research downgraded Columbia Banking System from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $44.00 price target on shares of Columbia Banking System in a research note on Friday, June 16th. Finally, BidaskClub downgraded Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Columbia Banking System currently has an average rating of “Hold” and an average price target of $44.40.
In other Columbia Banking System news, CFO Clint Stein sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.09, for a total value of $320,720.00. Following the completion of the sale, the chief financial officer now owns 22,877 shares in the company, valued at $917,138.93. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.23% of the stock is currently owned by corporate insiders.
Columbia Banking System Company Profile
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.
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