NEW YORK ( TheStreet) -- Columbia Banking System (Nasdaq: COLB) hit a new 52-week low Monday as it is currently trading at $15.84, below its previous 52-week low of $15.91 with 62,922 shares traded as of 11:21 a.m. ET. Average volume has been 226,500 shares over the past 30 days.

Columbia Banking System has a market cap of $655.4 million and is part of the financial sector and banking industry. Shares are down 22.3% year to date as of the close of trading on Friday.

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 22.4, above the average banking industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Columbia Banking System as a hold. 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 and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Columbia Banking System Ratings Report.

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