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, May 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $20.20 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Columbia Banking System has been 211,800 shares per day over the past 30 days. Columbia Banking System has a market cap of $818 million and is part of the financial sector and banking industry. Shares are up 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 16.1, above the average banking industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Columbia Banking System as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Columbia Banking System Ratings Report.

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