Columbia Banking System, Inc. (NASDAQ: COLB) is -8.66% 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 $23.55 in the last trading session, with the day’s gains setting it 0.82%.
Currently trading at $24.37, the stock is 0.65% and 3.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing 3.48% at the moment leaves the stock 14.02% off its SMA200. COLB registered 20.11% gain for a year compared to 6-month gain of 32.02%.
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The stock witnessed a 4.46% loss in the last 1 month and extending the period to 3 months gives it a 30.74%, and is 3.09% 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 2.70% over the week and 2.71% over the month.
Columbia Banking System, Inc. (COLB) has around 5114 employees, a market worth around $5.11B and $2.99B in sales. Current P/E ratio is 10.75 and Fwd P/E is 9.31. Profit margin for the company is 15.85%. Distance from 52-week low is 42.72% and -13.32% from its 52-week high. The company has generated returns on investments over the last 12 months (5.03%).
The EPS is expected to shrink by -0.09% this year.
Columbia Banking System, Inc. (COLB) Top Institutional Holders
491.0 institutions hold shares in Columbia Banking System, Inc. (COLB), with institutional investors hold 94.32% of the company’s shares. The shares outstanding are 208.58M, and float is at 207.59M with Short Float at 3.93%. Institutions hold 93.68% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.23 million shares valued at $442.22 million. The investor’s holdings represent 10.6756% of the COLB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.32 million shares valued at $364.46 million to account for 8.7985 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 11.57 million shares representing 5.5561% and valued at over $230.15 million, while STATE STREET CORP holds 5.1089 of the shares totaling 10.64 million with a market value of $211.63 million.
Columbia Banking System, Inc. (COLB) Insider Activity
The most recent transaction is an insider purchase by SEATON ELIZABETH WHITEHEAD, the company’s Director. 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 Lund Randal Lee (Director) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Feb 01 ’24 and was made at $19.29 per share for $19288.0. Following the transaction, the insider now directly holds 17149.0 shares of the COLB stock.
Still, SEC filings show that on Jan 31 ’24, MACHUCA LUIS (Director) acquired 4,889 shares at an average price of $20.58 for $0.1 million. The insider now directly holds 60,835 shares of Columbia Banking System, Inc. (COLB).
