Columbia Banking System (NASDAQ:COLB – Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10, Briefing.com reports. The company had revenue of $472.15 million for the quarter, compared to analysts’ expectations of $476.01 million. Columbia Banking System had a net margin of 16.52% and a return on equity of 11.58%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Columbia Banking System Stock Up 11.6 %
COLB stock traded up $2.80 during trading hours on Friday, hitting $26.99. The company’s stock had a trading volume of 5,077,370 shares, compared to its average volume of 2,546,200. The company has a market capitalization of $5.65 billion, a PE ratio of 11.58 and a beta of 0.66. Columbia Banking System has a 12 month low of $17.08 and a 12 month high of $28.11. The stock has a 50 day moving average price of $20.14 and a two-hundred day moving average price of $19.88.
Columbia Banking System Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Thursday, May 23rd. Columbia Banking System’s dividend payout ratio is 61.80%.
Analyst Ratings Changes
Read Our Latest Analysis on Columbia Banking System
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.
Read More
- Five stocks we like better than Columbia Banking System
- Investing In Preferred Stock vs. Common Stock
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- Airline Stocks – Top Airline Stocks to Buy Now
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Columbia Banking System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Banking System and related companies with MarketBeat.com's FREE daily email newsletter.