Columbia Banking System (NASDAQ:COLB – Get Free Report) announced its earnings results on Thursday. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07, RTT News reports. Columbia Banking System had a net margin of 15.94% and a return on equity of 10.89%. During the same quarter last year, the firm earned $0.79 EPS.
Columbia Banking System Stock Performance
Columbia Banking System stock traded up $0.76 during midday trading on Thursday, reaching $27.84. The company’s stock had a trading volume of 939,176 shares, compared to its average volume of 2,298,180. Columbia Banking System has a fifty-two week low of $17.08 and a fifty-two week high of $28.15. The firm has a market capitalization of $5.83 billion, a PE ratio of 11.85 and a beta of 0.64. The stock’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $22.11.
Columbia Banking System Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date was Friday, August 23rd. Columbia Banking System’s dividend payout ratio (DPR) is currently 61.80%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Columbia Banking System
Columbia Banking System Company Profile
Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.
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