NEW YORK ( TheStreet) -- Columbia Banking System (Nasdaq: COLB) hit a new 52-week low Friday as it is currently trading at $14.48, below its previous 52-week low of $14.53 with 119,332 shares traded as of 2:21 p.m. ET. Average volume has been 243,200 shares over the past 30 days.

Columbia Banking System has a market cap of $623.7 million and is part of the financial sector and banking industry. Shares are down 29.3% 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 21.3, above the average banking industry P/E ratio of 20.5 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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