Columbia Banking System (COLB) Given News Sentiment Score of 0.27

Press coverage about Columbia Banking System (NASDAQ:COLB) has been trending positive this week, AlphaOne reports. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Columbia Banking System earned a news sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also assigned news coverage about the financial services provider an impact score of 46 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Alpha One Sentiment Analysis’s analysis:

Insider Buying and Selling by Quarter for Columbia Banking System (NASDAQ:COLB)

Shares of Columbia Banking System (NASDAQ COLB) traded down 1.47% during trading on Friday, reaching $40.25. 1,384,005 shares of the company were exchanged. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 20.75 and a beta of 1.22. The stock’s 50-day moving average is $39.08 and its 200-day moving average is $40.27. Columbia Banking System has a 52-week low of $26.17 and a 52-week high of $45.68.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Columbia Banking System had a net margin of 25.82% and a return on equity of 8.90%. The firm had revenue of $111.53 million during the quarter, compared to the consensus estimate of $110.72 million. During the same period in the previous year, the firm posted $0.40 earnings per share. Equities research analysts predict that Columbia Banking System will post $2.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Stockholders of record on Wednesday, May 10th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, May 8th. Columbia Banking System’s payout ratio is presently 45.36%.

A number of analysts recently commented on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.00 price objective on shares of Columbia Banking System in a research report on Friday. Piper Jaffray Companies lowered their price objective on shares of Columbia Banking System from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, April 17th. DA Davidson upgraded shares of Columbia Banking System from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Thursday, March 16th. Zacks Investment Research cut shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $44.00 target price on shares of Columbia Banking System in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Columbia Banking System has a consensus rating of “Hold” and a consensus price target of $43.80.

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In other news, CFO Clint Stein sold 8,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were 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 directly owns 22,877 shares of the company’s stock, valued at $917,138.93. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.23% of the company’s stock.

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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