Following The Money: Institution’s Growing Stake In Columbia Banking System, Inc. (NASDAQ: COLB)

Columbia Banking System, Inc. (COLB) concluded trading on Thursday at a closing price of $18.78, with 3.34 million shares of worth about $62.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -13.02% during that period and on Thursday the price saw a gain of about 2.23%. Currently the company’s common shares owned by public are about 208.59M shares, out of which, 206.67M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 208 times over the past 12 months. They bought 542,455 shares in 133 of the transactions. In 75 selling transactions, insiders dumped 126,103 shares.

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Stock saw a price change of -2.74% in past 5 days and over the past one month there was a price change of -26.55%. Year-to-date (YTD), COLB shares are showing a performance of -29.61% which decreased to -42.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.54 but also hit the highest price of $32.61 during that period. The average intraday trading volume for Columbia Banking System, Inc. shares is 1.99 million. The stock is currently trading -16.16% below its 20-day simple moving average (SMA20), while that difference is down -22.26% for SMA50 and it goes to -13.13% lower than SMA200.

Columbia Banking System, Inc. (NASDAQ: COLB) currently have 208.59M outstanding shares and institutions hold larger chunk of about 87.31% of that.

The stock has a current market capitalization of $3.92B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 11.38, while it has posted earnings per share of $1.65 in the same period. Its PEG reads 1.42 while making debt-to-equity ratio of 0.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COLB, volatility over the week remained 3.45% while standing at 3.59% over the month.

Analysts are in expectations that Columbia Banking System, Inc. (COLB) stock would likely to be making an EPS of $Columbia Sportswear Company in the current quarter, while forecast for next quarter EPS is $78.07 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Core Laboratories Inc. which is $Collegium Pharmaceutical, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Americold Realty Trust, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -8.05% while it is estimated to increase by 9.29% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -5.50% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stephens on January 25, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $31 and $24 to it.

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