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After finishing at $19.13 in the prior trading day, Columbia Banking System, Inc. (NASDAQ: COLB) closed at $19.57, up 2.30%. In other words, the price has increased by $2.30 from its previous closing price. On the day, 1.66 million shares were traded. COLB stock price reached its highest trading level at $19.59 during the session, while it also had its lowest trading level at $19.175.
Ratios:
Our goal is to gain a better understanding of COLB by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.94 whereas as Long-Term Debt/Eq ratio is at 0.90.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on March 08, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $20.
On January 25, 2024, Stephens Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $31 to $24.
Raymond James Downgraded its Strong Buy to Outperform on January 25, 2024, while the target price for the stock was maintained at $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 06 ’24 when SEATON ELIZABETH WHITEHEAD bought 2,685 shares for $18.48 per share. The transaction valued at 49,619 led to the insider holds 25,001 shares of the business.
Deer Aaron James bought 2,000 shares of COLB for $38,648 on Feb 01 ’24. The Chief Strategy/Innovation Offc now owns 36,850 shares after completing the transaction at $19.32 per share. On Feb 01 ’24, another insider, Lund Randal Lee, who serves as the Director of the company, bought 1,000 shares for $19.29 each. As a result, the insider paid 19,288 and bolstered with 17,149 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COLB now has a Market Capitalization of 4097527296 and an Enterprise Value of 6759834112. As of this moment, Columbia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.39, and their Forward P/E ratio for the next fiscal year is 7.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 3.527.
Stock Price History:
The Beta on a monthly basis for COLB is 0.64, which has changed by -0.069866896 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, COLB has reached a high of $28.11, while it has fallen to a 52-week low of $17.08. The 50-Day Moving Average of the stock is 1.36%, while the 200-Day Moving Average is calculated to be -4.76%.
Shares Statistics:
The stock has traded on average 2.02M shares per day over the past 3-months and 1896550 shares per day over the last 10 days, according to various share statistics. A total of 208.58M shares are outstanding, with a floating share count of 207.48M. Insiders hold about 0.91% of the company’s shares, while institutions hold 90.88% stake in the company. Shares short for COLB as of 1718323200 were 8551862 with a Short Ratio of 4.24, compared to 1715731200 on 7820188. Therefore, it implies a Short% of Shares Outstanding of 8551862 and a Short% of Float of 4.5900002.
Dividends & Splits
In the trailing 12 months, COLB’s forward annual dividend rate was 1.44, compared to 1.44 this year. Against a Trailing Annual Dividend Yield of 0.075274445The current Payout Ratio is 77.52% for COLB, which recently paid a dividend on 2024-05-23 with an ex-dividend date of 1716422400. Stock splits for the company last occurred on 2004-05-10 when the company split stock in a 105:100 ratio.
