Columbia Banking System, Inc. (NASDAQ:COLB – Get Rating) declared a quarterly dividend on Tuesday, January 24th, Zacks reports. Investors of record on Monday, February 6th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, February 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Friday, February 3rd.
Columbia Banking System has decreased its dividend payment by an average of 24.6% annually over the last three years. Columbia Banking System has a dividend payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Columbia Banking System to earn $3.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.4%.
Columbia Banking System Stock Performance
Shares of NASDAQ COLB opened at $29.06 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $2.29 billion, a P/E ratio of 10.23 and a beta of 0.70. The firm’s fifty day moving average is $30.78 and its two-hundred day moving average is $30.77. Columbia Banking System has a 52-week low of $26.97 and a 52-week high of $37.59.
Institutional Investors Weigh In On Columbia Banking System
Analyst Upgrades and Downgrades
COLB has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of Columbia Banking System from $37.00 to $33.00 in a report on Wednesday. StockNews.com assumed coverage on shares of Columbia Banking System in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.
Columbia Banking System Company Profile
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 the United States. It offers personal banking products and services, including noninterest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services.
- Get a free copy of the StockNews.com research report on Columbia Banking System (COLB)
- Pliant Therapeutics Gaps 34% Higher: More Upside To Come?
- How Will Early 2023 Layoffs Affect These 5 Biotech Stocks?
- Is the Pain Over for Baudax Bio Investors after a 70% Spike?
- Will Rocket Lab’s First U.S. Launch Send Stock Into Stratosphere?
- When Will Crane Holdings Take Flight?
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.