Columbia Banking System (NASDAQ:COLB – Get Free Report) is projected to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect Columbia Banking System to post earnings of $0.65 per share and revenue of $489,877.05 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Columbia Banking System (NASDAQ:COLB – Get Free Report) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $765.06 million for the quarter, compared to analyst estimates of $478.80 million. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. During the same period last year, the company posted $0.79 EPS. On average, analysts expect Columbia Banking System to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Columbia Banking System Price Performance
COLB stock opened at $28.58 on Tuesday. Columbia Banking System has a 1 year low of $17.08 and a 1 year high of $32.85. The firm has a market capitalization of $5.99 billion, a PE ratio of 12.37 and a beta of 0.67. The business has a 50 day simple moving average of $28.99 and a 200-day simple moving average of $26.55.
Columbia Banking System Announces Dividend
Wall Street Analyst Weigh In
COLB has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. UBS Group assumed coverage on Columbia Banking System in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on Columbia Banking System from $30.00 to $34.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Truist Financial boosted their price objective on shares of Columbia Banking System from $28.00 to $30.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Wedbush increased their target price on shares of Columbia Banking System from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.31.
Get Our Latest Report on Columbia Banking System
About Columbia Banking System
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.
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