Media coverage about Columbia Banking System (NASDAQ:COLB) has trended very positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Columbia Banking System earned a coverage optimism score of 0.54 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern’s scoring:
- Columbia Banking System Inc (cote-ivoire.com)
- Columbia Banking System, Inc. (COLB) Stake Cut by Cortina Asset Management LLC (latribunadecanarias.com)
- Are Analysts Bearish Columbia Banking System Inc (NASDAQ:COLB) After Last Week? (thewestcoastsportsblog.com)
- Were Analysts Bullish Columbia Banking System Inc (NASDAQ:COLB) This Week? (campdesrecrues.com)
- Columbia Banking System, Inc. breached its 50 day moving average in a Bearish Manner : COLB-US : June 23, 2017 (finance.yahoo.com)
Shares of Columbia Banking System (NASDAQ:COLB) opened at 38.71 on Friday. Columbia Banking System has a 52 week low of $26.17 and a 52 week high of $45.68. The stock has a 50 day moving average of $39.10 and a 200-day moving average of $40.26. The firm has a market capitalization of $2.26 billion, a PE ratio of 19.95 and a beta of 1.22.
Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $111.53 million during the quarter, compared to the consensus estimate of $110.72 million. Columbia Banking System had a return on equity of 8.90% and a net margin of 25.82%. During the same quarter in the prior year, the firm posted $0.40 EPS. Equities analysts anticipate that Columbia Banking System will post $2.04 earnings per share for the current fiscal year.
A number of research firms have issued reports on COLB. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 target price on shares of Columbia Banking System in a research note on Friday, June 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 target price on shares of Columbia Banking System in a research note on Tuesday, May 9th. Zacks Investment Research cut shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. DA Davidson upgraded shares of Columbia Banking System from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Thursday, March 16th. Finally, Piper Jaffray Companies reduced their target price on shares of Columbia Banking System from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Columbia Banking System has an average rating of “Hold” and an average target price of $43.80.
In other Columbia Banking System news, CFO Clint Stein sold 8,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $40.09, for a total transaction of $320,720.00. Following the completion of the sale, the chief financial officer now owns 22,877 shares of the company’s stock, valued at approximately $917,138.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.23% of the company’s stock.
About Columbia Banking System
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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