As of Friday close, Columbia Banking System Inc.’s (NASDAQ:COLB) stock was down -$0.22, moving down -1.00 percent to $21.72. The average number of shares traded per day over the past five days has been 4,964,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.20 fall in that time frame. In the last twenty days, the average volume was 5,211,260, while in the previous 50 days, it was 2,798,498.
Since last month, COLB stock retreated -32.23%. Shares of the company fell to $20.25 on 03/16/23, the lowest level in the past month. A 52-week high of $35.53 was reached on 02/06/23 after having rallying from a 52-week low of $20.25. Since the beginning of this year, COLB’s stock price has dropped by -27.91% or -$8.41, and marked a new high 7 times. However, the stock has declined by -38.87% since its 52-week high.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
COLB stock investors should be aware that Columbia Banking System Inc. (COLB) stock had its last reported insider trading activity 78 days ago on Dec 30. Lawson David C, the EVP Chief H.R. Officer of the company, purchased of 264 shares for $26.84 on Dec 30. It resulted in a $7,086 investment by the insider. BARUFFI KUMI YAMAMOTO added 232 shares at an average price of $26.84 on Dec 30. The insider now owns 23,816 shares following the transaction. On Jun 30, EVP Chief Financial Officer Deer Aaron James bought 748 shares at $25.79 apiece. The transaction was valued at $19,291.
Valuation Metrics
Right now, Columbia Banking System Inc. (COLB) has a P/E ratio of about 6.79. The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 7.22, the price-to-book (PB) ratio of 0.77, and the price-to-cash flow ratio of 23.45 may also be considered.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Friday October 1 2021, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.01, and the total debt-to-equity ratio was 0.01. In the year ended December 30, operating margins totaled 96.00%. Based on annual data, COLB earned $622.84 million in gross profit and brought in $646.48 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.80%. Return on equity (ROE) for the past 12 months was 11.20%.
In Columbia Banking System Inc.’s quarter-end financial report for December 30, it reported total debt of $10.0 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Columbia Banking System Inc. to report $0.89 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by -1.10%. The value of shareholders’ equity is $78.68 million.
Technical Picture
This quick technical analysis looks at Columbia Banking System Inc.’s (COLB) price momentum. With a historical volatility rate of 91.52%, the RSI 9-day stood at 22.20% on 17 March.
With respect to its five-day moving average, the current Columbia Banking System Inc. price is down by -9.20% percent or -$2.20. At present, COLB shares trade -30.83% below its 20-day simple moving average and -30.30% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.36% below its SMA50 and -27.96% below its SMA200.
Stochastic coefficient K was 13.04% and Stochastic coefficient D was 10.49%, while ATR was 1.45. Given the Stochastic reading of 14.31% for the 14-day period, the RSI (14) reading has been calculated as 23.17%. As of today, the MACD Oscillator reading stands at -1.73, while the 14-day reading stands at -3.78.
Analyst Ratings
Piper Sandler upgraded its rating on Columbia Banking System Inc. (NASDAQ: COLB) to an Overweight in a note to investors on March 17, 2023. The analysts firm previously had a Neutral rating on the stock.Columbia Banking System Inc. (COLB) has been rated Overweight by analysts. According to 0 brokerage firms, COLB is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Columbia Banking System Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $34.00, the current consensus forecast for the stock is $23.00 – $37.00. Based on these forecasts, analysts predict Columbia Banking System Inc. (COLB) will achieve an average price target of $33.44.