As of Wednesday close, Columbia Banking System Inc.’s (NASDAQ:COLB) stock was down -$0.07, moving down -0.34 percent to $20.54. The average number of shares traded per day over the past five days has been 1,497,900 shares. 4 times new highs have been achieved over the past 5 days, with a $0.95 gain in that time frame. In the last twenty days, the average volume was 1,336,530, while in the previous 50 days, it was 1,753,206.
Since last month, COLB stock retreated -6.91%. Shares of the company fell to $18.67 on 08/23/23, 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 $17.54. Since the beginning of this year, COLB’s stock price has dropped by -31.83% or -$9.59, and marked a new high 7 times. However, the stock has declined by -42.19% since its 52-week high.
COLB stock investors should be aware that Columbia Banking System Inc. (COLB) stock had its last reported insider trading activity 62 days ago on Jun 30. BARUFFI KUMI YAMAMOTO, the General Counsel, Corporate Sec of the company, purchased of 854 shares for $18.25 on Jun 30. It resulted in a $15,586 investment by the insider. Deer Aaron James added 854 shares at an average price of $18.25 on Jun 30. The insider now owns 36,144 shares following the transaction. On May 24, Director EERKES CRAIG D bought 2,381 shares at $21.01 apiece. The transaction was valued at $50,025.
Valuation Metrics
Right now, Columbia Banking System Inc. (COLB) has a P/E ratio of about 9.09. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 2.86, the price-to-book (PB) ratio of 0.88, and the price-to-cash flow ratio of 11.93 may also be considered.
The latest dividend of $0.36 per share was paid out, remained unchanged from last year’s $0.36. On Monday May 15 2023, a $0.06 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.38, and the total debt-to-equity ratio was 1.38. In the year ended June 29, operating margins totaled 70.60%. 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 7.20%.
In Columbia Banking System Inc.’s quarter-end financial report for June 29, it reported total debt of $312.87 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 $0.93 quarterly earnings, the actual figure was $0.81 per share, beating the consensus estimate by -12.90%. The value of shareholders’ equity is $208.57 million.
Technical Picture
This quick technical analysis looks at Columbia Banking System Inc.’s (COLB) price momentum. With a historical volatility rate of 30.56%, the RSI 9-day stood at 53.06% on 30 August.
With respect to its five-day moving average, the current Columbia Banking System Inc. price is up by +4.85% percent or $0.95. At present, COLB shares trade -5.95% below its 20-day simple moving average and -5.61% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.81% below its SMA50 and -41.60% below its SMA200.
Stochastic coefficient K was 57.03% and Stochastic coefficient D was 46.29%, while ATR was 0.71. Given the Stochastic reading of 62.27% for the 14-day period, the RSI (14) reading has been calculated as 48.77%. As of today, the MACD Oscillator reading stands at 0.68, while the 14-day reading stands at 0.53.
Analyst Ratings
Columbia Banking System Inc. downgraded its rating on Columbia Banking System Inc. (NASDAQ: COLB) to a Sell in a note to investors on July 10, 2023. The analysts firm previously had a Neutral rating on the stock.
