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Columbia Banking System, Inc. (COLB) Analysis & Forecast for 2024

Columbia Banking System, Inc. (NASDAQ: COLB) is -24.44% lower on its value in year-to-date trading and has touched a low of $17.08 and a high of $28.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COLB stock was last observed hovering at around $19.57 in the last trading session, with the day’s gains setting it 0.59%.

Currently trading at $20.16, the stock is 6.11% and 4.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing 3.01% at the moment leaves the stock -1.87% off its SMA200. COLB registered -2.80% loss for a year compared to 6-month loss of -22.28%.

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The stock witnessed a 6.72% gain in the last 1 month and extending the period to 3 months gives it a 6.95%, and is 1.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.52% over the week and 2.49% over the month.

Columbia Banking System, Inc. (COLB) has around 5114 employees, a market worth around $4.22B and $2.96B in sales. Current P/E ratio is 8.64 and Fwd P/E is 7.75. Profit margin for the company is 16.46%. Distance from 52-week low is 18.07% and -28.29% from its 52-week high. The company has generated returns on investments over the last 12 months (5.18%).

The EPS is expected to shrink by -4.37% this year.

Columbia Banking System, Inc. (COLB) Top Institutional Holders

The shares outstanding are 208.58M, and float is at 207.48M with Short Float at 4.12%.

Columbia Banking System, Inc. (COLB) Insider Activity

The most recent transaction is an insider purchase by SEATON ELIZABETH WHITEHEAD,the company’sDirector. SEC filings show that SEATON ELIZABETH WHITEHEAD bought 2,685 shares of the company’s common stock on Feb 06 ’24 at a price of $18.48 per share for a total of $49619.0. Following the purchase, the insider now owns 25001.0 shares.

Columbia Banking System, Inc. disclosed in a document filed with the SEC on Feb 01 ’24 that Deer Aaron James (Chief Strategy/Innovation Offc) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $19.32 per share for $38648.0. Following the transaction, the insider now directly holds 36850.0 shares of the COLB stock.

Still, SEC filings show that on Feb 01 ’24, Lund Randal Lee (Director) acquired 1,000 shares at an average price of $19.29 for $19288.0. The insider now directly holds 17,149 shares of Columbia Banking System, Inc. (COLB).

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