$0.50 EPS Expected for Columbia Banking System Inc (COLB)

July 18, 2017 - By Stephen Andrade

 $0.50 EPS Expected for Columbia Banking System Inc (COLB)
Investors sentiment decreased to 1.13 in Q4 2016. Its down 0.09, from 1.22 in 2016Q3. It worsened, as 12 investors sold Columbia Banking System Inc shares while 66 reduced holdings. 33 funds opened positions while 55 raised stakes. 51.00 million shares or 0.81% less from 51.42 million shares in 2016Q3 were reported.
Assetmark reported 756 shares stake. 91 were reported by Plante Moran Ltd. 12,683 are owned by Mason Street Advisors Ltd Company. Ameritas Prns accumulated 5,015 shares. Federated Investors Pa has invested 0% of its portfolio in Columbia Banking System Inc (NASDAQ:COLB). Mufg Americas Corporation, a New York-based fund reported 775 shares. Blackrock Investment Mgmt Lc invested in 0.02% or 315,539 shares. Sei Invests Co holds 0% in Columbia Banking System Inc (NASDAQ:COLB) or 9,969 shares. Strs Ohio owns 4,600 shares. Airain Limited has 7,128 shares for 0.03% of their portfolio. Edge Asset reported 45,092 shares or 0.02% of all its holdings. Sg Americas Securities Ltd reported 0% stake. Deprince Race Zollo Incorporated holds 219,702 shares or 0.19% of its portfolio. Riverhead Mngmt Limited Liability Corp owns 3,100 shares. Keybank Natl Association Oh holds 55,893 shares.

Since March 10, 2017, it had 0 buys, and 2 insider sales for $359,388 activity. Ray Barry also sold $38,668 worth of Columbia Banking System Inc (NASDAQ:COLB) shares.

Wall Street await Columbia Banking System Inc (NASDAQ:COLB) to release earnings on July, 27. Analysts forecast earnings per share of $0.50, up exactly $0.06 or 13.64 % from 2014’s $0.44 EPS. The expected COLB’s profit could reach $28.84 million giving the stock 19.68 P/E in the case that $0.50 earnings per share is reported. After posting $0.50 EPS for the previous quarter, Columbia Banking System Inc’s analysts now forecast 0.00 % EPS growth. The stock decreased 0.13% or $0.05 during the last trading session, reaching $39.35. About 197,149 shares traded. Columbia Banking System Inc (NASDAQ:COLB) has risen 31.63% since July 18, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Columbia Banking System Inc (NASDAQ:COLB) Ratings Coverage

Among 5 analysts covering Columbia Banking System Inc. (NASDAQ:COLB), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Columbia Banking System Inc. had 8 analyst reports since January 29, 2016 according to SRatingsIntel. As per Monday, July 10, the company rating was maintained by Piper Jaffray. On Friday, July 7 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Columbia Banking System Inc (NASDAQ:COLB) has “Hold” rating given on Tuesday, June 13 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, July 13. On Friday, April 29 the stock rating was downgraded by Piper Jaffray to “Neutral”. The firm has “Buy” rating by DA Davidson given on Thursday, March 16. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Friday, July 29.

Columbia Banking System, Inc. is a bank holding firm for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The company has market cap of $2.27 billion. The Firm provides a range of banking services to small and medium-sized businesses, professionals and individuals. It has a 20.28 P/E ratio. It offers services and products, which include Personal Banking, Business Banking and Wealth Management.

More notable recent Columbia Banking System Inc (NASDAQ:COLB) news were published by: Prnewswire.com which released: “Columbia Banking System Announces First Quarter 2017 Results and Quarterly …” on April 27, 2017, also Prnewswire.com with their article: “Columbia Banking System Appoints Clint Stein Executive Vice President and …” published on July 13, 2017, Prnewswire.com published: “Statement from William Weyerhaeuser, Chairman, Columbia Banking System, Inc.” on February 21, 2017. More interesting news about Columbia Banking System Inc (NASDAQ:COLB) were released by: Prnewswire.com and their article: “Columbia Banking System Announces Fourth Quarter and Full-Year 2016 Earnings …” published on January 06, 2017 as well as Seekingalpha.com‘s news article titled: “Columbia Banking System’s (COLB) Management on Q1 2017 Results – Earnings Call …” with publication date: April 29, 2017.

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