Columbia Banking System (COLB) Receiving Somewhat Positive News Coverage, Analysis Shows
Press coverage about Columbia Banking System (NASDAQ:COLB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Columbia Banking System earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.6924664785546 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Columbia Banking System, Inc. (COLB) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Columbia Banking System, Inc. :COLB-US: Earnings Analysis: Q2, 2017 By the Numbers : September 12, 2017 (finance.yahoo.com)
- Columbia Banking System, Inc. : COLB-US: Dividend Analysis : August 09th, 2017 (record date) : By the numbers : September 11, 2017 (finance.yahoo.com)
- KBWR’s Underlying Holdings Imply 17% Gain Potential (nasdaq.com)
Shares of Columbia Banking System (NASDAQ:COLB) opened at 37.89 on Friday. Columbia Banking System has a 12-month low of $31.75 and a 12-month high of $45.68. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.24 and a beta of 1.24. The firm’s 50-day moving average is $37.68 and its 200-day moving average is $38.74.
Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results 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). Columbia Banking System had a net margin of 25.82% and a return on equity of 8.99%. The business had revenue of $110.30 million for the quarter, compared to the consensus estimate of $112.27 million. During the same quarter in the previous year, the business earned $0.44 earnings per share. On average, equities analysts predict that Columbia Banking System will post $2.03 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, August 7th. Columbia Banking System’s dividend payout ratio (DPR) is currently 44.67%.
A number of research analysts recently weighed in on COLB shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 target price on shares of Columbia Banking System in a research report on Friday, September 8th. BidaskClub downgraded shares of Columbia Banking System from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Piper Jaffray Companies upgraded shares of Columbia Banking System from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $43.00 to $46.00 in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 target price on shares of Columbia Banking System in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.40.
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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