Dividend Coverage: $0.39 just might be within reach for Columbia Banking System, Inc. (NASDAQ:COLB) shareholder.

Dividend Coverage: $0.39 just might be within reach for Columbia Banking System, Inc. (NASDAQ:COLB) shareholder.

Columbia Banking System, Inc. (NASDAQ:COLB) is expected to pay $0.39 on Nov 23, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 7, 2016 will be eligible to receive the payout. Based on Columbia Banking System, Inc.’s current price of $32.35, the dividend is 1.21%. This dividend’s record date is Nov 9, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.81% or $0.26 on November 4, hitting $32.35. About 302,486 shares traded hands or 37.09% up from the average. Columbia Banking System Inc (NASDAQ:COLB) has risen 10.79% since April 5, 2016 and is uptrending. It has outperformed by 8.83% the S&P500.

Columbia Banking System, Inc. is a bank holding firm of Columbia State Bank and West Coast Trust Company, Inc. The company has a market cap of $1.82 billion. The Firm provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. It has a 18.92 P/E ratio. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho.

Insitutional Activity: The institutional sentiment increased to 1.27 in Q2 2016. Its up 0.29, from 0.98 in 2016Q1. The ratio improved, as 20 funds sold all Columbia Banking System Inc shares owned while 44 reduced positions. 9 funds bought stakes while 72 increased positions. They now own 50.09 million shares or 1.95% less from 51.08 million shares in 2016Q1.
Moreover, Jcsd Capital Ltd Liability Company has 0.92% invested in Columbia Banking System Inc (NASDAQ:COLB) for 30,000 shares. Bancorp Of New York Mellon has invested 0.02% of its portfolio in Columbia Banking System Inc (NASDAQ:COLB). The California-based Rs Investment Management Limited Liability Com has invested 0.18% in Columbia Banking System Inc (NASDAQ:COLB). Stifel Corp last reported 78,183 shares in the company. Cornerstone Cap Mgmt Ltd Company holds 13,700 shares or 0% of its portfolio. Buckhead Capital Management Llc has 0.08% invested in the company for 16,495 shares. Ig Mngmt Ltd has 0% invested in the company for 15,600 shares. Assetmark has invested 0% of its portfolio in Columbia Banking System Inc (NASDAQ:COLB). Blackrock accumulated 15,698 shares or 0% of the stock. Cwm Ltd Liability Co, a Nebraska-based fund reported 3,448 shares. Fincl Bank Of Montreal Can owns 5,443 shares or 0% of their US portfolio. The Pennsylvania-based Brandywine Global Invest Management Limited Co has invested 0.03% in Columbia Banking System Inc (NASDAQ:COLB). The Illinois-based First Tru Advsrs Limited Partnership has invested 0.01% in Columbia Banking System Inc (NASDAQ:COLB). The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0% in Columbia Banking System Inc (NASDAQ:COLB). Intl Gru, a New York-based fund reported 43,207 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 1 insider sale for $13,558 net activity. Another trade for 424 shares valued at $13,558 was sold by Ray Barry.

Columbia Banking System Inc (NASDAQ:COLB) Ratings Coverage

Out of 3 analysts covering Columbia Banking System Inc. (NASDAQ:COLB), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Columbia Banking System Inc. has been the topic of 3 analyst reports since January 29, 2016 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, April 29 by Piper Jaffray. The firm earned “Market Perform” rating on Friday, July 29 by Keefe Bruyette & Woods.

More recent Columbia Banking System Inc (NASDAQ:COLB) news were published by: Prnewswire.com which released: “Columbia Banking System Announces Third Quarter 2016 Earnings Release and …” on October 05, 2016. Also Prnewswire.com published the news titled: “Columbia Banking System Announces Second Quarter 2016 Results” on July 28, 2016. Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: American Water Works, Capital Bank Financial and …” with publication date: November 03, 2016 was also an interesting one.

COLB Company Profile

Columbia Banking System, Inc., incorporated on May 27, 1988, is a bank holding firm of Columbia State Bank (the Bank) and West Coast Trust Company, Inc. The Firm provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho. The Bank is a Washington state-chartered commercial bank. The Firm operates over 70 branches in approximately 20 counties in the state of Washington, approximately 60 branches in over 10 counties in Oregon and approximately 20 branches in over 10 counties in Idaho. The Company’s services and products include personal banking, business banking and wealth management.

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