Columbia Banking System, Inc (COLB) stock expected to rise by 8.75%: What’s driving the optimism?

Columbia Banking System, Inc [COLB] stock is trading at $27.89, up 4.61%. 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 1.75% over the last week, with a monthly amount drifted -7.03%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Columbia Banking System, Inc [NASDAQ: COLB] stock has seen the most recent analyst activity on January 06, 2025, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $35 from $33. On September 24, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $31 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $20 on March 08, 2024. Stephens downgraded its rating to a Equal-Weight and reduced its price target to $24 on January 25, 2024. Raymond James downgraded its rating to Outperform for this stock on January 25, 2024, but kept the price target unchanged to $25. In a note dated January 25, 2024, Keefe Bruyette downgraded an Mkt Perform rating on this stock and revised its target price from $30 to $25.

Columbia Banking System, Inc [COLB] stock has fluctuated between $17.08 and $32.85 over the past year. Currently, Wall Street analysts expect the stock to reach $30.33 within the next 12 months. Columbia Banking System, Inc [NASDAQ: COLB] shares were valued at $27.89 at the most recent close of the market. An investor can expect a potential return of 8.75% based on the average COLB price forecast.

Analyzing the COLB fundamentals

Columbia Banking System, Inc [NASDAQ:COLB] reported sales of 3.00B for the trailing twelve months, which represents a growth of 2.00%. Gross Profit Margin for this corporation currently stands at 0.97% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.22%, 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 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.79.

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 27.27 points at the first support level, and at 26.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.22, and for the 2nd resistance point, it is at 28.54.

Ratios To Look Out For

For context, Columbia Banking System, Inc’s Current Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 12.05.

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.

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