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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.