COLB - Shares of Columbia Banking System Inc. (COLB) Exceed 52-Week High

Columbia Banking System Inc. (NASDAQ:COLB) traded today at a new 52-week high of $50.54. This new high was reached on above average trading volume as 18.5 million shares traded hands, while the average 30-day volume is approximately 938,000 shares.

Columbia Banking System Inc is a registered bank holding company. The company operates through its wholly-owned banking subsidiary, Columbia State Bank. The company provides a full range of banking services to small and midsize businesses, professionals, and individuals throughout Washington, Oregon, and Idaho. The bank has historically grown through a combination of organic growth and acquisitions. The bank's strategy s to provide our customers with the financial sophistication and product depth of a regional banking company. Its loan portfolio is diversified but primarily concentrated in commercial real estate and commercial business loans. A majority of the bank's net revenue is net interest income.

Potential upside of 0.1% exists for Columbia Banking System Inc., based on a current level of $30.27 and analysts' average consensus price target of $30.30.

In the past 52 weeks, Columbia Banking System Inc. share prices are bracketed by a current low of $19.15 and a high of $45.05 and is now at $30.27.

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