Columbia Banking System, Inc. (COLB) concluded trading on Thursday at a closing price of $28.27, with 3.26 million shares of worth about $92.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.71% during that period and on October 24, 2024 the price saw a gain of about 4.39%. Currently the company’s common shares owned by public are about 208.58M shares, out of which, 207.71M shares are available for trading.
Stock saw a price change of 1.84% in past 5 days and over the past one month there was a price change of 10.30%. Year-to-date (YTD), COLB shares are showing a performance of 5.96% which increased to 52.32% 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 $28.15 during that period. The average intraday trading volume for Columbia Banking System, Inc. shares is 1.84 million. The stock is currently trading 6.64% above its 20-day simple moving average (SMA20), while that difference is up 11.37% for SMA50 and it goes to 31.50% 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 92.02% of that.
The stock has a current market capitalization of $5.92B and its 3Y-monthly beta is at 0.62. PE ratio of stock for trailing 12 months is 12.47, while it has posted earnings per share of $2.27 in the same period. Its PEG reads 4.85 while making debt-to-equity ratio of 0.93. 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 3.01% while standing at 2.44% over the month.
Stock’s fiscal year EPS is expected to rise by 0.72% while it is estimated to increase by 3.90% in next year. EPS is likely to grow at an annualized rate of 2.57% 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 Wedbush on September 24, 2024 offering an Outperform rating for the stock and assigned a target price range of between $28 and $31 to it. Coverage by Barclays stated Columbia Banking System, Inc. (COLB) stock as an Equal weight in their note to investors on March 08, 2024, suggesting a price target of $20 for the stock. On January 25, 2024, Stephens Downgrade their recommendations, while on January 25, 2024, Raymond James Downgrade their ratings for the stock with a price target of $25. Stock get a Mkt perform rating from Keefe Bruyette on January 25, 2024.
