Columbia Banking System Stock To Go Ex-dividend Monday (COLB)

NEW YORK (TheStreet) -- The ex-dividend date for Columbia Banking System (Nasdaq:COLB) is Monday, November 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $18.43 as of 9:30 a.m. ET, the dividend yield is 1.7%.

The average volume for Columbia Banking System has been 290,400 shares per day over the past 30 days. Columbia Banking System has a market cap of $734.6 million and is part of the financial sector and banking industry. Shares are down 11.7% year to date as of the close of trading on Thursday.

Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank, which provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in the states of Washington and Oregon. The company has a P/E ratio of 15.8, above the average banking industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Columbia Banking System as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Columbia Banking System Ratings Report.

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