Equities analysts expect Columbia Banking System Inc (NASDAQ:COLB) to report sales of $148.83 million for the current quarter, Zacks reports. Three analysts have issued estimates for Columbia Banking System’s earnings, with the highest sales estimate coming in at $149.50 million and the lowest estimate coming in at $148.08 million. Columbia Banking System reported sales of $138.62 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The company is scheduled to announce its next earnings results on Thursday, April 25th.

On average, analysts expect that Columbia Banking System will report full-year sales of $605.19 million for the current financial year, with estimates ranging from $597.87 million to $611.40 million. For the next year, analysts expect that the company will report sales of $634.87 million, with estimates ranging from $627.61 million to $641.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Columbia Banking System.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.06). The company had revenue of $144.29 million for the quarter, compared to the consensus estimate of $148.88 million. Columbia Banking System had a return on equity of 9.01% and a net margin of 29.54%. Columbia Banking System’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share.

A number of research analysts recently commented on COLB shares. Keefe, Bruyette & Woods upgraded Columbia Banking System from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Thursday, November 8th. ValuEngine upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Sandler O’Neill upgraded Columbia Banking System from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, November 12th. Zacks Investment Research downgraded Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Finally, BidaskClub upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Tuesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.40.

COLB traded up $0.23 during trading on Wednesday, reaching $36.58. 6,022 shares of the company were exchanged, compared to its average volume of 448,544. The company has a market cap of $2.66 billion, a P/E ratio of 14.82, a PEG ratio of 1.95 and a beta of 0.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.82 and a quick ratio of 0.82. Columbia Banking System has a 52 week low of $31.35 and a 52 week high of $45.22.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, February 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Tuesday, February 5th. This is a positive change from Columbia Banking System’s previous quarterly dividend of $0.26. Columbia Banking System’s payout ratio is 45.34%.

In other Columbia Banking System news, EVP Andy Mcdonald sold 3,074 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $38.33, for a total transaction of $117,826.42. Following the completion of the transaction, the executive vice president now owns 35,589 shares in the company, valued at approximately $1,364,126.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.06% of the company’s stock.

A number of hedge funds have recently made changes to their positions in COLB. Bank of America Corp DE boosted its position in Columbia Banking System by 3.4% during the 2nd quarter. Bank of America Corp DE now owns 299,004 shares of the financial services provider’s stock worth $12,230,000 after acquiring an additional 9,911 shares during the period. Northern Trust Corp boosted its position in Columbia Banking System by 1.4% during the 2nd quarter. Northern Trust Corp now owns 1,449,181 shares of the financial services provider’s stock worth $59,271,000 after acquiring an additional 20,630 shares during the period. Security National Bank boosted its position in Columbia Banking System by 3.3% during the 3rd quarter. Security National Bank now owns 73,244 shares of the financial services provider’s stock worth $2,840,000 after acquiring an additional 2,309 shares during the period. Aperio Group LLC boosted its position in Columbia Banking System by 32.6% during the 3rd quarter. Aperio Group LLC now owns 29,509 shares of the financial services provider’s stock worth $1,144,000 after acquiring an additional 7,248 shares during the period. Finally, AMG National Trust Bank boosted its position in Columbia Banking System by 15.5% during the 3rd quarter. AMG National Trust Bank now owns 30,600 shares of the financial services provider’s stock worth $1,186,000 after acquiring an additional 4,111 shares during the period. Institutional investors own 89.92% of the company’s stock.

Columbia Banking System Company Profile

Columbia Banking System, Inc operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and personal loans; debit and credit cards; and digital banking services.

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Earnings History and Estimates for Columbia Banking System (NASDAQ:COLB)

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