Analysts predict that Columbia Banking System Inc (NASDAQ:COLB) will post $142.70 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Columbia Banking System’s earnings. The highest sales estimate is $142.99 million and the lowest is $142.40 million. Columbia Banking System posted sales of $111.53 million in the same quarter last year, which suggests a positive year-over-year growth rate of 27.9%. The company is scheduled to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that Columbia Banking System will report full-year sales of $142.70 million for the current year, with estimates ranging from $575.50 million to $576.56 million. For the next financial year, analysts expect that the company will post sales of $603.39 million per share, with estimates ranging from $599.80 million to $606.97 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Columbia Banking System.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). Columbia Banking System had a net margin of 23.29% and a return on equity of 9.14%. The business had revenue of $135.40 million for the quarter, compared to analysts’ expectations of $135.15 million. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 25.3% on a year-over-year basis.

COLB has been the subject of several analyst reports. Zacks Investment Research upgraded Columbia Banking System from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, October 31st. BidaskClub upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating and set a $53.00 price objective on shares of Columbia Banking System in a report on Tuesday, January 9th. Sandler O’Neill reiterated a “hold” rating and set a $48.00 price objective on shares of Columbia Banking System in a report on Friday, January 26th. Finally, DA Davidson reiterated a “buy” rating and set a $48.00 price objective (up previously from $45.00) on shares of Columbia Banking System in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $48.00.

Shares of Columbia Banking System (NASDAQ:COLB) opened at $41.60 on Wednesday. Columbia Banking System has a twelve month low of $35.67 and a twelve month high of $48.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2,430.00, a price-to-earnings ratio of 18.91, a PEG ratio of 1.48 and a beta of 1.11.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.12%. Columbia Banking System’s dividend payout ratio (DPR) is 40.00%.

In related news, CAO Barry Ray sold 750 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $46.87, for a total value of $35,152.50. Following the completion of the transaction, the chief accounting officer now owns 11,250 shares in the company, valued at approximately $527,287.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.23% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Columbia Banking System by 27.4% in the 4th quarter. BlackRock Inc. now owns 9,307,225 shares of the financial services provider’s stock worth $404,306,000 after acquiring an additional 2,002,968 shares during the last quarter. Cardinal Capital Management LLC CT grew its position in Columbia Banking System by 0.3% during the 4th quarter. Cardinal Capital Management LLC CT now owns 2,218,622 shares of the financial services provider’s stock worth $96,377,000 after purchasing an additional 6,077 shares during the period. Neuberger Berman Group LLC grew its position in Columbia Banking System by 4.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,964,964 shares of the financial services provider’s stock worth $82,745,000 after purchasing an additional 80,731 shares during the period. Bank of New York Mellon Corp grew its position in Columbia Banking System by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,150,303 shares of the financial services provider’s stock worth $49,968,000 after purchasing an additional 121,284 shares during the period. Finally, Copper Rock Capital Partners LLC grew its position in Columbia Banking System by 3.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 926,341 shares of the financial services provider’s stock worth $40,796,000 after purchasing an additional 32,124 shares during the period. Institutional investors own 76.73% of the company’s stock.

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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.

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