A number of other analysts also recently weighed in on COLB. Stephens restated a hold rating and issued a $37.00 target price on shares of Columbia Banking System in a report on Tuesday, October 1st. Royal Bank of Canada set a $38.00 price target on Columbia Banking System and gave the stock a hold rating in a research report on Friday, July 26th. BidaskClub lowered Columbia Banking System from a buy rating to a hold rating in a research report on Tuesday, October 8th. Finally, Zacks Investment Research cut Columbia Banking System from a hold rating to a sell rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Columbia Banking System presently has a consensus rating of Hold and a consensus target price of $41.57.
NASDAQ COLB traded down $0.11 during trading on Monday, hitting $37.86. 7,906 shares of the stock traded hands, compared to its average volume of 239,530. The company has a market capitalization of $2.77 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10. The firm has a 50-day simple moving average of $36.43 and a 200-day simple moving average of $35.71. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.23. Columbia Banking System has a 12-month low of $30.65 and a 12-month high of $41.05.
Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Columbia Banking System by 1.0% during the second quarter. BlackRock Inc. now owns 10,873,862 shares of the financial services provider’s stock valued at $393,416,000 after buying an additional 109,814 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Columbia Banking System by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 7,870,804 shares of the financial services provider’s stock worth $284,766,000 after buying an additional 49,422 shares during the period. Northern Trust Corp lifted its holdings in shares of Columbia Banking System by 0.4% in the 2nd quarter. Northern Trust Corp now owns 1,441,014 shares of the financial services provider’s stock worth $52,137,000 after buying an additional 6,244 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Columbia Banking System by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,183,427 shares of the financial services provider’s stock worth $42,816,000 after buying an additional 13,798 shares during the period. Finally, Boston Partners grew its position in shares of Columbia Banking System by 17.2% during the 2nd quarter. Boston Partners now owns 658,291 shares of the financial services provider’s stock worth $23,768,000 after buying an additional 96,820 shares in the last quarter. Institutional investors own 89.80% of the company’s stock.
About Columbia Banking System
Columbia Banking System, Inc operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and personal loans; debit and credit cards; and digital banking services.
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