Columbia Banking System, Inc. (COLB) is currently priced at $29.78, showing a decrease of 7 cents (-0.235%) from the previous close of $29.85. The trading volume stands at $589,946, which is 19.97% relative to the average.
In the latest quarterly earnings report on Wednesday, April 22nd, COLB's consensus estimate EPS was 0.68.
The forward dividend yield for COLB is reported at 4.97%. The company distributed a dividend per share of 37 cents in the most recent quarter, amounting to $1.46 on a trailing twelve-month basis.
Piper Sandler upgraded COLB to an "Overweight" rating from the previous "Overweight" stance, with a current price of $29.22. The latest action is to "hold."
COLB reported a free cash flow of $258.76 million and a net change in cash of $38 million. Operating cash flow was $281 million, with debt repayment at -$930 million.
The company generated revenue of $851 million with a gross profit of $601 million. Net income amounted to $192 million, translating to an EPS of 66 cents.
Key ratios for COLB include a gross profit margin of 70.62%, return on equity of 2.51%, and a price-to-earnings ratio of 10.39.
COLB's total assets amount to $66 billion, with total liabilities at $58.36 billion. Cash and cash equivalents stand at $577 million.
This comprehensive overview provides insights into COLB's financial performance and market position.
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. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder, and other commercial real estate loans, as well as loans guaranteed by the small business administration; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer; long-term care, and life and disability insurance solutions; individual retirement solutions comprising retirement planning, retirement income strategies, and traditional and Roth individual retirement accounts; and business solutions, which comprise business retirement plans, key person insurance, business succession planning, and deferred compensation plans to individuals, families, and professional businesses. Further, the company provides fiduciary, investment, and administrative trust services, such as personal and special needs trusts, estate settlement, and investment agency and charitable management. It operates a network of 153 branch locations, including 68 in the state of Washington, 59 in Oregon, 15 in Idaho, and 11 in California. The company was founded in 1993 and is headquartered in Tacoma, Washington.