Columbia Banking System, Inc. (NASDAQ:COLB) Declares $0.37 Quarterly Dividend

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 paid a dividend of 0.37 per share by the financial services provider on Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 28th.

Columbia Banking System has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Columbia Banking System has a dividend payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

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Columbia Banking System Price Performance

Shares of NASDAQ COLB traded up $0.25 during mid-day trading on Friday, reaching $32.69. The company’s stock had a trading volume of 2,467,909 shares, compared to its average volume of 2,896,754. Columbia Banking System has a 52 week low of $23.83 and a 52 week high of $33.67. The stock has a fifty day moving average of $31.55 and a two-hundred day moving average of $29.95. The firm has a market capitalization of $9.25 billion, a PE ratio of 13.02, a P/E/G ratio of 3.19 and a beta of 0.63.

Columbia Banking System (NASDAQ:COLB – Get Free Report) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $687.40 million. During the same quarter last year, the company earned $0.76 EPS. Analysts anticipate that Columbia Banking System will post 3.03 EPS 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.

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