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The price of Columbia Banking System, Inc. (NASDAQ: COLB) closed at $23.96 in the last session, up 0.93% from day before closing price of $23.74. In other words, the price has increased by $0.93 from its previous closing price. On the day, 2.02 million shares were traded. COLB stock price reached its highest trading level at $24.125 during the session, while it also had its lowest trading level at $23.37.
Ratios:
We take a closer look at COLB’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5016696832 and an Enterprise Value of 7679004672. As of this moment, Columbia’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.27, and their Forward P/E ratio for the next fiscal year is 9.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 1.01. Its current Enterprise Value per Revenue stands at 4.007.
Stock Price History:
The Beta on a monthly basis for COLB is 0.65, which has changed by 0.05877149 over the last 52 weeks, in comparison to a change of 0.21656322 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 20.57%, while the 200-Day Moving Average is calculated to be 15.85%.
Shares Statistics:
According to the various share statistics, COLB traded on average about 2.08M shares per day over the past 3-months and 2401790 shares per day over the past 10 days. 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 90.84% stake in the company. Shares short for COLB as of 1719532800 were 8856675 with a Short Ratio of 4.26, compared to 1717113600 on 7564151. Therefore, it implies a Short% of Shares Outstanding of 8856675 and a Short% of Float of 4.75.
Dividends & Splits
The forward annual dividend rate for COLB is 1.44, which was 1.44 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.06065712The 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.
