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In the latest session, Columbia Banking System, Inc. (NASDAQ: COLB) closed at $25.00 up 0.64% from its previous closing price of $24.84. In other words, the price has increased by $0.64 from its previous closing price. On the day, 2.17 million shares were traded. COLB stock price reached its highest trading level at $25.22 during the session, while it also had its lowest trading level at $24.58.
Ratios:
For a deeper understanding of Columbia Banking System, Inc.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.89.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
Lund Randal Lee bought 1,000 shares of COLB for $19,288 on Feb 01 ’24. The Director now owns 17,149 shares after completing the transaction at $19.29 per share. On Jan 31 ’24, another insider, MACHUCA LUIS, who serves as the Director of the company, bought 4,889 shares for $20.58 each. As a result, the insider paid 100,638 and bolstered with 60,835 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 5237024768 and an Enterprise Value of 8010850304. As of this moment, Columbia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.02, and their Forward P/E ratio for the next fiscal year is 9.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.75 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 4.332.
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 $17.08. The 50-Day Moving Average of the stock is 10.95%, while the 200-Day Moving Average is calculated to be 17.56%.
Shares Statistics:
For the past three months, COLB has traded an average of 2.04M shares per day and 1708900 over the past ten days. A total of 208.58M shares are outstanding, with a floating share count of 207.58M. Insiders hold about 0.91% of the company’s shares, while institutions hold 91.97% stake in the company. Shares short for COLB as of 1723680000 were 8518135 with a Short Ratio of 4.17, compared to 1721001600 on 8827606. Therefore, it implies a Short% of Shares Outstanding of 8518135 and a Short% of Float of 4.5700002.
Dividends & Splits
According to the company, the forward annual dividend rate for COLB is 1.44, from 1.44 in the trailing year. Against a Trailing Annual Dividend Yield of 0.057971016
