The stock price of Columbia Banking System, Inc. (NASDAQ: COLB) has surged by 1.07 when compared to previous closing price of 27.16, but the company has seen a 7.44% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-02 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Columbia Banking (COLB) have what it takes?
Is It Worth Investing in Columbia Banking System, Inc. (NASDAQ: COLB) Right Now?
Columbia Banking System, Inc. (NASDAQ: COLB) has a price-to-earnings ratio of 12.10x that is above its average ratio. Additionally, the 36-month beta value for COLB is 0.62. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for COLB is 207.71M and currently, short sellers hold a 2.45% ratio of that float. The average trading volume of COLB on October 16, 2024 was 1.92M shares.
COLB’s Market Performance
COLB stock saw an increase of 7.44% in the past week, with a monthly gain of 11.09% and a quarterly increase of 15.82%. The volatility ratio for the week is 2.87%, and the volatility levels for the last 30 days are 2.49% for Columbia Banking System, Inc. (COLB). The simple moving average for the last 20 days is 5.78% for COLB stock, with a simple moving average of 27.97% for the last 200 days.
Analysts’ Opinion of COLB
Many brokerage firms have already submitted their reports for COLB stocks, with Wedbush repeating the rating for COLB by listing it as a “Outperform.” The predicted price for COLB in the upcoming period, according to Wedbush is $31 based on the research report published on September 24, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see COLB reach a price target of $20. The rating they have provided for COLB stocks is “Equal Weight” according to the report published on March 08th, 2024.
Stephens gave a rating of “Equal-Weight” to COLB, setting the target price at $24 in the report published on January 25th of the current year.
COLB Trading at 10.70% 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 -2.37% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +10.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.32% upper at present.
During the last 5 trading sessions, COLB rose by +7.44%, which changed the moving average for the period of 200-days by +1.25% in comparison to the 20-day moving average, which settled at $25.95. In addition, Columbia Banking System, Inc. saw 2.89% in overturn over a single year, with a tendency to cut further gains.
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.
Lund Randal Lee, the Director of Columbia Banking System, Inc., purchase 1,000 shares at $19.29 during a trade that took place back on Feb 01 ’24, which means that Lund Randal Lee is holding 17,149 shares at $19,288 based on the most recent closing price.
Stock Fundamentals for COLB
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.94 for the gross margin
The net margin for Columbia Banking System, Inc. stands at 0.17. The total capital return value is set at 0.16. Equity return is now at value 9.66, with 0.90 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 0.17. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 0.92.
Currently, EBITDA for the company is 471.2 million with net debt to EBITDA at 12.49. When we switch over and look at the enterprise to sales, we see a ratio of 3.02. The receivables turnover for the company is 1.62for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In conclusion, Columbia Banking System, Inc. (COLB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
