Columbia Banking System, Inc. (COLB) to Issue Quarterly Dividend of $0.37 on December 15th

Columbia Banking System, Inc. (NASDAQ:COLB) declared a quarterly dividend on Friday, November 14th. Investors of record on Friday, November 28th will be given a dividend of 0.37 per share by the financial services provider on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, November 28th. This is a 2.8% increase from Columbia Banking System’s previous quarterly dividend of $0.36.

Columbia Banking System has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Columbia Banking System has a dividend payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Columbia Banking System to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 51.2%.

Columbia Banking System Stock Up 3.2%

Shares of NASDAQ COLB opened at $28.42 on Wednesday. Columbia Banking System has a 12 month low of $19.61 and a 12 month high of $32.24. The company has a market cap of $8.50 billion, a P/E ratio of 11.28 and a beta of 0.67. The business’s 50 day moving average is $26.18 and its two-hundred day moving average is $25.18.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings data on Monday, March 4th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Columbia Banking System had a net margin of 17.98% and a return on equity of 11.31%. The business had revenue of $348.47 million for the quarter. Sell-side analysts expect that Columbia Banking System will post 2.71 earnings per share for the current fiscal year.

Institutional Trading of Columbia Banking System

Several institutional investors have recently bought and sold shares of COLB. CIBC Bancorp USA Inc. bought a new stake in Columbia Banking System in the third quarter valued at $200,000. WBI Investments LLC grew its holdings in shares of Columbia Banking System by 36.0% in the 3rd quarter. WBI Investments LLC now owns 38,457 shares of the financial services provider’s stock worth $990,000 after purchasing an additional 10,188 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Columbia Banking System by 40.1% during the 3rd quarter. Captrust Financial Advisors now owns 61,484 shares of the financial services provider’s stock worth $1,583,000 after purchasing an additional 17,595 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Columbia Banking System by 38.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 16,515 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 4,611 shares during the last quarter. Finally, Danske Bank A S acquired a new position in Columbia Banking System in the third quarter valued at about $100,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System Company Profile

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.