Columbia Banking System, Inc. (COLB) concluded trading on Thursday at a closing price of $24.19, with 3.76 million shares of worth about $91.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.47% during that period and on July 25, 2024 the price saw a gain of about 3.46%. Currently the company’s common shares owned by public are about 208.58M shares, out of which, 207.48M shares are available for trading.
Stock saw a price change of 3.07% in past 5 days and over the past one month there was a price change of 30.33%. Year-to-date (YTD), COLB shares are showing a performance of -9.33% which increased to 11.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.08 but also hit the highest price of $28.11 during that period. The average intraday trading volume for Columbia Banking System, Inc. shares is 2.09 million. The stock is currently trading 13.32% above its 20-day simple moving average (SMA20), while that difference is up 20.88% for SMA50 and it goes to 16.71% higher than SMA200.
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Columbia Banking System, Inc. (NASDAQ: COLB) currently have 208.58M outstanding shares and institutions hold larger chunk of about 90.82% of that.
The stock has a current market capitalization of $5.06B and its 3Y-monthly beta is at 0.62. PE ratio of stock for trailing 12 months is 10.37, while it has posted earnings per share of $2.33 in the same period. Its PEG reads 1.30 while making debt-to-equity ratio of 0.94. 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 3.58% while standing at 3.20% over the month.
Stock’s fiscal year EPS is expected to drop by -4.37% while it is estimated to increase by 6.96% 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 Barclays on March 08, 2024 offering an Equal weight rating for the stock and assigned a target price of $20 to it. Coverage by Stephens stated Columbia Banking System, Inc. (COLB) stock as an Equal-weight in their note to investors on January 25, 2024, suggesting a price target of $24 for the stock. On January 25, 2024, Raymond James Downgrade their recommendations, while on January 25, 2024, Keefe Bruyette Downgrade their ratings for the stock with a price target of $25. Stock get a Neutral rating from DA Davidson on January 25, 2024.
