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Notable Stock to Watch: Columbia Banking System and Columbia Bank (NASDAQ:COLB)

Columbia Banking System and Columbia Bank (NASDAQ:COLB) spotted trading -9.44% off 52-week high price. On the other end, the stock has been noted 20.84% away from the low price over the last 52-weeks. The stock changed -0.53% to recent value of $36.9. The stock transacted 240502 shares during most recent day however it has an average volume of 270.24K shares. The company has 72.47M of outstanding shares and 72.29M shares were floated in the market.  

On Sept. 30, 2019, Columbia Banking System and Columbia Bank (NASDAQ:COLB) released that President and Chief Executive Officer Hadley Robbins will retire on December 31, 2019 after nearly seven years of service with the company and nearly forty years in banking.  Columbia’s board of directors has appointed Clint Stein, Columbia’s current Chief Operating Officer, to succeed Robbins as CEO.

It has been truly rewarding to work with such a talented group of bankers during my almost seven years with Columbia. Their commitment to our clients, our communities and each other is unparalleled and I am proud of what we accomplished together, said Hadley Robbins. We have grown our franchise to more than $13 billion, attained recognition as an employer of choice and made significant progress on a multi-year digital roadmap that improves our ability to serve clients when, where and how they choose. Columbia’s future is very bright and I am pleased to be passing the torch to a leader who is equally passionate about the success of our company and deeply committed to our people, our clients and our communities. Clint and I have worked together closely for many years and I look forward to watching the company continue to thrive under his leadership.

 Its earnings per share (EPS) expected to touch remained 14.50% for this year while earning per share for the next 5-years is expected to reach at 8.00%.COLB has a an operating margin of 93.20% while its profit margin remained 35.80% for the last 12 months. 

  The price moved ahead of 1.55% from the mean of 20 days, 3.63% from mean of 50 days SMA and performed 3.36% from mean of 200 days price. Company’s performance for the week was -0.38%, 8.08% for month and YTD performance remained 2.44%.

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