Columbia Banking System, Inc. (COLB) Analysts See $0.56 EPS

January 18, 2018 - By Kurt Siggers

 Columbia Banking System, Inc. (COLB) Analysts See $0.56 EPS
Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.57, from 1.52 in 2017Q2. It is negative, as 15 investors sold Columbia Banking System, Inc. shares while 68 reduced holdings. 22 funds opened positions while 57 raised stakes. 54.35 million shares or 0.57% less from 54.66 million shares in 2017Q2 were reported.
Teachers Retirement System Of The State Of Kentucky has 0.01% invested in Columbia Banking System, Inc. (NASDAQ:COLB) for 20,450 shares. Fmr Ltd Liability Com invested in 1.43M shares. Eaton Vance Mngmt has 269,843 shares. Moreover, Ftb Advsrs has 0% invested in Columbia Banking System, Inc. (NASDAQ:COLB) for 769 shares. Ameritas Invest Partners holds 5,015 shares or 0.01% of its portfolio. Ferguson Wellman Capital Mngmt owns 6,028 shares. Neumeier Poma Investment Counsel Limited Company holds 3.78% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB) for 858,785 shares. Geode Capital Mngmt Limited Liability has invested 0.01% in Columbia Banking System, Inc. (NASDAQ:COLB). Ig Inv Mgmt Ltd holds 8,085 shares or 0% of its portfolio. Vanguard Grp, Pennsylvania-based fund reported 5.54M shares. Commonwealth Equity Svcs reported 0% in Columbia Banking System, Inc. (NASDAQ:COLB). Moreover, Public Employees Retirement Of Ohio has 0% invested in Columbia Banking System, Inc. (NASDAQ:COLB). Teacher Retirement Of Texas has 4,800 shares for 0% of their portfolio. The New York-based Jennison Assocs Limited Liability has invested 0.05% in Columbia Banking System, Inc. (NASDAQ:COLB). California State Teachers Retirement Systems holds 0% or 43,226 shares in its portfolio.

Since January 8, 2018, it had 4 insider buys, and 0 sales for $15,971 activity. Another trade for 76 shares valued at $2,784 was bought by Lawson David C. Shares for $1,978 were bought by Stein Clint. Shares for $4,835 were bought by McDonald Andy.

Analysts expect Columbia Banking System, Inc. (NASDAQ:COLB) to report $0.56 EPS on January, 25.They anticipate $0.03 EPS change or 5.66 % from last quarter’s $0.53 EPS. COLB’s profit would be $40.89M giving it 20.26 P/E if the $0.56 EPS is correct. After having $0.70 EPS previously, Columbia Banking System, Inc.’s analysts see -20.00 % EPS growth. The stock decreased 1.20% or $0.55 during the last trading session, reaching $45.39. About 119,776 shares traded. Columbia Banking System, Inc. (NASDAQ:COLB) has risen 31.63% since January 18, 2017 and is uptrending. It has outperformed by 14.93% the S&P500.

Columbia Banking System, Inc. (NASDAQ:COLB) Ratings Coverage

Among 6 analysts covering Columbia Banking System Inc. (NASDAQ:COLB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Columbia Banking System Inc. had 18 analyst reports since January 29, 2016 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, June 13. The stock has “Buy” rating by Piper Jaffray on Monday, July 31. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was downgraded by Piper Jaffray to “Neutral” on Friday, April 29. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 4. On Friday, September 15 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by RBC Capital Markets with “Hold” on Friday, July 7. PiperJaffray upgraded Columbia Banking System, Inc. (NASDAQ:COLB) on Monday, July 31 to “Overweight” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, October 16. On Thursday, September 7 the stock rating was maintained by RBC Capital Markets with “Hold”.

Columbia Banking System, Inc. operates as the bank holding firm 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. The company has market cap of $3.31 billion. It offers personal banking services and products, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home equity loans and lines of credit, home mortgages for purchases and refinances, personal loans, and other consumer loans; debit and credit cards; and online and mobile banking services. It has a 20.68 P/E ratio. The firm also provides business banking services and products, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; accounts receivable and inventory financing, small business administration financing, commercial real estate loan products for construction and development or permanent financing; and agricultural lending, municipal lending, merchant card, remote deposit capture, small business, and treasury management services.

More notable recent Columbia Banking System, Inc. (NASDAQ:COLB) news were published by: Seekingalpha.com which released: “Columbia Banking System’s (COLB) CEO Hadley Robbins on Q2 2017 Results …” on July 28, 2017, also Prnewswire.com with their article: “Columbia Banking System Announces Appointment of Eric Forrest to its Board of …” published on October 31, 2017, Prnewswire.com published: “Columbia Banking System Appoints Clint Stein Executive Vice President and …” on July 13, 2017. More interesting news about Columbia Banking System, Inc. (NASDAQ:COLB) were released by: Prnewswire.com and their article: “Columbia Bank Promotes Lisa Dow to Executive Vice President, Chief Risk Officer” published on January 18, 2018 as well as Prnewswire.com‘s news article titled: “Columbia Banking System Announces Quarterly Cash Dividend” with publication date: October 11, 2017.

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