This Insider Bought 304.0 Shares In Columbia Banking System Inc. (COLB)

Columbia Banking System Inc. (NASDAQ:COLB) saw a downside of -13.77% to $34.12 after subtracting -$5.45 on Tuesday. The 5-day average trading volume is 545,808 shares of the company’s common stock. It has gained $40.78 in the past week. An average of 701,612 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 429,843.

COLB’s 1-month performance is 17.56% or $0.47 on its low of $32.60 reached on 09/20/21. The company’s shares have touched a 52-week low of $24.84 and high of $50.68, with the stock’s rally to the 52-week high happening on 03/12/21. YTD, COLB has achieved 10.22% or -$1.77. However, the current price is down -32.68%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 25.94 and a low of 8.242. COLB stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.04 while the price-to-book (PB) in the most recent quarter is 1.20, with the price to cash flow ratio at 20.81.

Columbia Banking System Inc. pays an annual dividend of $1.12 per share. Its dividend yield is 3.27% and the payout ratio is 37.90%. COLB paid $0.30 a share compared with prior rate of $0.28, up 6.67% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.02 reported on Friday October 1 2021. Measured over the last 3 years, the Dividend has been growing by 27.27% yearly.

It is projected that Columbia Banking System Inc.’s next ex-dividend date will be on 18-Jan. COLB is expected to distribute $0.30 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.02, while the total debt to equity was 0.02 while for the period ending June 29; Columbia Banking System Inc.’s operating margin was 99.00%. The firm’s gross profit as reported stood at $500.11 million against revenue of $517.81 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected COLB to announce $0.66 per share in earnings in its latest quarter, but it posted $0.78, representing a 18.20% surprise. COLB stock balance sheet for the quarter ending June 29 shows that, with total debt at $146.26 million. Shareholders hold equity totaling $71.77 million

Technical Picture

Let’s look briefly at Columbia Banking System Inc. (COLB) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 30.14% to suggest the stock is trending Neutral, with historical volatility in this time period at 78.54%.

The stock’s 5-day moving average is $38.70, reflecting a -12.63% or -$4.94 change from its current price. COLB is currently trading +3.10% above its 20-day SMA, -21.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -2.58% and -1.66% respectively.

Stochastic %K and %D was 59.99% and 81.89% and the average true range (ATR) pointed at 1.71. The RSI (14) points at 37.29%, while the 14-day stochastic is at 2.28% with the period’s ATR at 1.51. The stock’s 9-day MACD Oscillator is pointing at -0.69 and -0.31 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Columbia Banking System Inc. (NASDAQ: COLB), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for COLB stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate COLB as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 have offered a “buy” rating.

What is COLB’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $39.00 and a high of $43.00, with their median price target at $40.00. Looking at these predictions, the average price target given by analysts is for Columbia Banking System Inc. (COLB) stock is $40.60.

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