Columbia Banking System, Inc. Declares Quarterly Dividend of $0. 37 (NASDAQ:COLB)
Columbia Banking System, Inc. (NASDAQ:COLB) declared a quarterly dividend on Friday, August 14th. Investors of record on Friday, August 28th will be paid a dividend of 0. 37 per share by the financial services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4. 5%. The ex-dividend date of this dividend is Friday, August 28th.
Columbia Banking System, Inc. (NASDAQ:COLB-Get Free Report) declared a quarterly dividend on Friday, August 14th. Stockholders of record on Friday, August 28th will be given a dividend of 0. 37 per share by the financial services provider on Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4. 5%. The ex-dividend date is Friday, August 28th. 4 Dividend Growth Stocks the Trade Tariffs Can’t TouchColumbia Banking System has increased its dividend by an average of 0. 0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Columbia Banking System has a payout ratio of 48. 4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Columbia Banking System to earn $3. 26 per share next year, which means the company should continue to be able to cover its $1. 48 annual dividend with an expected future payout ratio of 45. 4%. GetCOLBalerts:Columbia Banking System Stock PerformanceShares ofCOLB stocktraded up $0. 25 on Friday, reaching $32. 69. The stock had a trading volume of 2,467,909 shares, compared to its average volume of 2,896,754. Columbia Banking System has a 1 year low of $23. 83 and a 1 year high of $33. 67. The stock has a market cap of $9. 25 billion, a P/E ratio of 13. 02, a price-to-earnings-growth ratio of 3. 19 and a beta of 0. 63. The company has a 50 day simple moving average of $31. 55 and a 200 day simple moving average of $29. 95. Columbia Banking System (NASDAQ:COLB-Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0. 76 EPS for the quarter, beating analysts' consensus estimates of $0. 73 by $0. 03. Columbia Banking System had a return on equity of 11. 33% and a net margin of 19. 96%. The company had revenue of $677. 00 million during the quarter, compared to analysts' expectations of $687. 40 million. During the same quarter in the prior year, the business earned $0. 76 earnings per share. On average, equities research analysts anticipate that Columbia Banking System will post 3. 03 earnings per share for the current fiscal year. About Columbia Banking System(Get Free Report)Columbia Banking System, Inc is a bank holding company that operates through its principal subsidiary, Columbia State Bank. Headquartered in Tacoma, Washington, the company provides a full range of banking and financial services to commercial, small business and consumer customers. Its branch network is concentrated in the Pacific Northwest, with locations across Washington, Oregon and Idaho, where it aims to combine local decision-making with the resources of a larger institution. The company's offerings include commercial real estate lending, construction and development financing, equipment and small business loans, and deposit products such as checking, savings and money market accounts. See AlsoFive stocks we like better than Columbia Banking SystemSony and TSMC’s $4. 7 Billion Venture Is About More Than Camera SensorsQuantum Leaps: Debt-Free as AI Storage Demand AcceleratesNVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270Sandisk’s Margins Look Like Software. Can They Last?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in Columbia Banking System Right Now?Before you consider Columbia Banking System, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and Columbia Banking System wasn't on the list. While Columbia Banking System currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow. Get This Free Report