After finishing at $19.26 in the prior trading day, Columbia Banking System, Inc. (NASDAQ: COLB) closed at $18.46, down -4.15%. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 3644778 shares were traded.
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 0.95 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 3.85B. As of this moment, Columbia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.19, and their Forward P/E ratio for the next fiscal year is 7.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.77.
Stock Price History:
Over the past 52 weeks, COLB has reached a high of $28.11, while it has fallen to a 52-week low of $17.18. The 50-Day Moving Average of the stock is 20.86, while the 200-Day Moving Average is calculated to be 21.42.
Shares Statistics:
The stock has traded on average 2.67M shares per day over the past 3-months and 3.52M 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 206.63M. Insiders hold about 0.96% of the company’s shares, while institutions hold 89.51% stake in the company. Shares short for COLB as of Feb 29, 2024 were 2.63M with a Short Ratio of 1.06, compared to 3.23M on Jan 31, 2024.
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 7.48%, it implies a Forward Annual Dividend Yield of 7.80%. The current Payout Ratio is 77.52% for COLB, which recently paid a dividend on Mar 11, 2024 with an ex-dividend date of Feb 22, 2024. Stock splits for the company last occurred on May 10, 2004 when the company split stock in a 105:100 ratio.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $0.57 for the current quarter, with a high estimate of $0.64 and a low estimate of $0.53, while EPS last year was $0.46. The consensus estimate for the next quarter is $0.57, with high estimates of $0.66 and low estimates of $0.52.
Analysts are recommending an EPS of between $2.6 and $2.19 for the fiscal current year, implying an average EPS of $2.33. EPS for the following year is $2.56, with 12 analysts recommending between $2.89 and $2.34.
Revenue Estimates
11 analysts predict $488.94M in revenue for the current quarter. It ranges from a high estimate of $504.41M to a low estimate of $472.29M. As of the current estimate, Columbia Banking System, Inc.’s year-ago sales were $429.43M, an estimated increase of 13.90% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $484.92M, a decrease of -17.10% less than the figure of $13.90% in the same quarter last year. There is a high estimate of $505.36M for the next quarter, whereas the lowest estimate is $472.7M.
A total of 11 analysts have provided revenue estimates for COLB’s current fiscal year. The highest revenue estimate was $2.01B, while the lowest revenue estimate was $1.92B, resulting in an average revenue estimate of $1.96B. In the same quarter a year ago, actual revenue was $2B, down -2.10% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $2.01B in the next fiscal year. The high estimate is $2.08B and the low estimate is $1.96B. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.
