Columbia Banking System, Inc. [COLB] stock prices are up 1.32% to $26.08 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 4.82% over the last week, with a monthly amount glided 4.45%, 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 September 24, 2024, when Wedbush upgraded its rating to a Outperform and also boosted its price target to $31 from $28. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $20. On January 25, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $24 on the stock. Raymond James downgraded its rating to a Outperform but stick to its price target of $25 on January 25, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and reduced its price target to $25 on January 25, 2024. DA Davidson downgraded its rating to Neutral for this stock on January 25, 2024, and downed its price target to $25. In a note dated December 01, 2023, Citigroup initiated an Neutral rating and provided a target price of $23 on this stock.
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 $29.5 within the next 12 months. Columbia Banking System, Inc. [NASDAQ: COLB] shares were valued at $26.08 at the most recent close of the market. An investor can expect a potential return of 13.11% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.91.
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 25.85 points at the first support level, and at 25.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.28, and for the 2nd resistance point, it is at 26.49.
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 1.83, the price to book ratio is 1.10 and price to earnings (TTM) ratio is 11.50.
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.
