Columbia Banking System, Inc. (NASDAQ: COLB) has a higher price-to-earnings ratio of 10.44x compared to its average ratio, The 36-month beta value for COLB is at 0.70. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for COLB is 206.74M, and currently, shorts hold a 3.88% of that float. The average trading volume for COLB on April 16, 2024 was 3.15M shares.
COLB) stock’s latest price update
Columbia Banking System, Inc. (NASDAQ: COLB)’s stock price has plunge by -2.05relation to previous closing price of 17.58. Nevertheless, the company has seen a -9.84% plunge in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-01 that TACOMA, Wash., April 1, 2024 /PRNewswire/ — Columbia Banking System, Inc. (“Columbia” Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close.
COLB’s Market Performance
Columbia Banking System, Inc. (COLB) has seen a -9.84% fall in stock performance for the week, with a -5.49% decline in the past month and a -29.80% plunge in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are at 2.80% for COLB. The simple moving average for the past 20 days is -6.64% for COLB’s stock, with a -18.23% simple moving average for the past 200 days.
Analysts’ Opinion of COLB
Many brokerage firms have already submitted their reports for COLB stocks, with Barclays repeating the rating for COLB by listing it as a “Equal Weight.” The predicted price for COLB in the upcoming period, according to Barclays is $20 based on the research report published on March 08, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see COLB reach a price target of $24, previously predicting the price at $31. The rating they have provided for COLB stocks is “Equal-Weight” according to the report published on January 25th, 2024.
Raymond James gave a rating of “Outperform” to COLB, setting the target price at $25 in the report published on January 25th of the current year.
COLB Trading at -7.30% from the 50-Day Moving Average
After a stumble in the market that brought COLB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.75% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares sank -4.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.64% lower at present.
During the last 5 trading sessions, COLB fell by -9.79%, which changed the moving average for the period of 200-days by -15.16% in comparison to the 20-day moving average, which settled at $18.41. In addition, Columbia Banking System, Inc. saw -35.46% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COLB starting from SEATON ELIZABETH WHITEHEAD, who purchase 2,685 shares at the price of $18.48 back on Feb 06 ’24. After this action, SEATON ELIZABETH WHITEHEAD now owns 25,001 shares of Columbia Banking System, Inc., valued at $49,619 using the latest closing price.
Deer Aaron James, the Chief Strategy/Innovation Offc of Columbia Banking System, Inc., purchase 2,000 shares at $19.32 during a trade that took place back on Feb 01 ’24, which means that Deer Aaron James is holding 36,850 shares at $38,648 based on the most recent closing price.
Stock Fundamentals for COLB
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.97 for the gross margin
The net margin for Columbia Banking System, Inc. stands at 0.16. The total capital return value is set at 0.04. Equity return is now at value 9.68, with 0.96 for asset returns.
Based on Columbia Banking System, Inc. (COLB), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 1.27.
Currently, EBITDA for the company is 471.2 million with net debt to EBITDA at 3.34. When we switch over and look at the enterprise to sales, we see a ratio of 2.77. The receivables turnover for the company is 1.29for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In conclusion, Columbia Banking System, Inc. (COLB) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
