Columbia Banking System, Inc. [COLB] stock prices are up 1.41% to $25.23 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The COLB shares have gain 7.45% over the last week, with a monthly amount glided 4.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Columbia Banking System, Inc. [NASDAQ: COLB] stock has seen the most recent analyst activity on March 08, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $20. Previously, Stephens downgraded its rating to Equal-Weight on January 25, 2024, and dropped its price target to $24. On January 25, 2024, downgrade downgraded it’s rating to Outperform but maintained its price target of $25 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $25 on January 25, 2024. DA Davidson downgraded its rating to a Neutral and reduced its price target to $25 on January 25, 2024. Citigroup started tracking with a Neutral rating for this stock on December 01, 2023, and assigned it a price target of $23. In a note dated October 06, 2023, UBS upgraded an Neutral rating on this stock and boosted its target price from $18 to $21.
The stock price of Columbia Banking System, Inc. [COLB] has been fluctuating between $17.08 and $28.11 over the past year. Currently, Wall Street analysts expect the stock to reach $27.4 within the next 12 months. Columbia Banking System, Inc. [NASDAQ: COLB] shares were valued at $25.23 at the most recent close of the market. An investor can expect a potential return of 8.6% based on the average COLB price forecast.
Analyzing the COLB fundamentals
The Columbia Banking System, Inc. [NASDAQ:COLB] reported sales of 2.99B for trailing twelve months, representing a surge of 4.10%. Gross Profit Margin for this corporation currently stands at 0.94% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.52 points at the first support level, and at 23.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.99, and for the 2nd resistance point, it is at 26.75.
Ratios To Look Out For
It’s worth pointing out that Columbia Banking System, Inc. [NASDAQ:COLB]’s Current Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.77, the price to book ratio is 1.06 and price to earnings (TTM) ratio is 11.13.
Transactions by insiders
Recent insider trading involved SEATON ELIZABETH WHITEHEAD, Director, that happened on Feb 06 ’24 when 2685.0 shares were purchased. Director, Lund Randal Lee completed a deal on Feb 01 ’24 to buy 1000.0 shares. Meanwhile, Director MACHUCA LUIS bought 4889.0 shares on Jan 31 ’24.
