The stock of Columbia Banking System Inc. (NASDAQ:COLB) decreased by -$1.02 on Tuesday to finish at $19.85, down -4.89 percent. The last five days have seen an average of 922,860 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$10.28. The average number of shares traded over the last 20 days was 1,811,605, while the average volume over the last 50 days totaled 1,784,820.
COLB stock dropped -9.98% since last month. On 08/15/23, the company’s shares reached a one-month low of $19.76. The stock touched a high of $35.53 on 02/06/23, after rallying from a low of $17.54 in 52 weeks. The price of COLB stock has declined by -34.12% or -$10.28 this year, reaching a new high 7 times. Still, the stock price is down -44.13% from the 52-week high.
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Insider Transactions
COLB stock investors should be aware that Columbia Banking System Inc. (COLB) stock had its last reported insider trading activity 47 days ago on Jun 30. On Jun 30, General Counsel, Corporate Sec BARUFFI KUMI YAMAMOTO acquired 854 shares at $18.25 each. This transaction resulted in the insider spending $15,586. On Jun 30, Deer Aaron James added 854 shares at a price of US$18.25. After the transaction, the insider now owns 36,144 shares. Director EERKES CRAIG D had earlier bought 2,381 shares on May 24 for $21.01 a share. The transaction was completed for $50,025.
Valuation Metrics
Columbia Banking System Inc. (COLB) has a trailing price-to-earnings (P/E) ratio of 8.79. Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.78, the price-to-book (PB) ratio of 0.85, and the price-to-cash flow ratio of 11.58.
Company paid $0.36 per share in dividends, remained unchanged from $0.36 last year.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 1.38, and the total debt to equity ratio is 1.38. Columbia Banking System Inc.’s operating margin stood at 70.60% for the same period. Based on annual data, it had gross profit of $622.84 million and revenue of $646.48 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. COLB’s return on assets (ROA) during the last 12 months has been 0.70%. There was a 24.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.20%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. At the end of Columbia Banking System Inc.’s most recent quarter, its total debt was $7.42 billion. Equity owned by shareholders amounts to $208.57 million.
Technical Picture
Here’s a quick look at Columbia Banking System Inc.’s (COLB) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 26.19%, suggesting the stock is oversold, with a 30.58% historical volatility rate.
The stochastic %K and %D were 5.06% and 13.87% respectively, while the average true range (ATR) was 0.78. Based on the 14-day stochastic reading of 2.85%, the RSI (14) reading is 35.31%. On the 9-day MACD Oscillator, the stock is at -0.84, and the 14-day reading is at -1.02.
Analyst Ratings
Columbia Banking System Inc. (NASDAQ: COLB) was downgraded by UBS to a a Sell rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Columbia Banking System Inc. (COLB) an Overweight rating. COLB is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is COLB’s price target for the next 12 months?
The current consensus forecast for the stock is between $18.00 and $30.00, with a median target price of $26.00. In analyzing these forecasts, the average price target given by analysts for Columbia Banking System Inc. (COLB) is $25.32.
