Columbia Banking System Inc (COLB) is Downgraded by Keefe Bruyette to Mkt Perform

Columbia Banking System Inc (COLB) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jul 29, 2016.

On the company’s financial health, Columbia Banking System Inc reported $0.44 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.44.Analysts expectations of $ 105.10.During the same quarter in the previous year, the company posted $0.38 EPS.

Columbia Banking System Inc opened for trading at $30.5 and hit $30.83 on the upside on Thursday, eventually ending the session at $30.31, with a gain of 1.81% or 0.54 points. The heightened volatility saw the trading volume jump to 3,62,647 shares. Company has a market cap of $1,758 M.

Columbia Banking System Inc. is a bank holding company of Columbia State Bank (the Bank). The Company provides a range of banking services to small and medium-sized businesses professionals and individuals throughout Washington Oregon and Idaho. As of December 31 2014 Columbia Bank had 154 branch locations in Washington Oregon and Idaho. Columbia Bank is a Washington state-chartered commercial bank the deposits of which are insured in whole or in part by the Federal Deposit Insurance Corporation (FDIC). As of December 31 2014 the Company operates 78 branches in 21 counties in the state of Washington 60 branches in 16 counties in Oregon and 16 branches in 10 counties in Idaho. The Company’s products and services include personal banking business banking and wealth management.

Columbia Banking System Inc

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