Columbia Banking System, Inc (NASDAQ: COLB) is 3.30% higher on its value in year-to-date trading and has touched a low of $17.08 and a high of $32.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COLB stock was last observed hovering at around $28.03 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $27.90, the stock is 0.53% and -2.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -0.46% at the moment leaves the stock 13.63% off its SMA200. COLB registered 32.16% gain for a year compared to 6-month gain of 6.65%. The firm has a 50-day simple moving average (SMA 50) of $28.7344 and a 200-day simple moving average (SMA200) of $24.55395.
The stock witnessed a 3.56% loss in the last 1 month and extending the period to 3 months gives it a -2.58%, and is -0.21% down 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 2.82% over the month.
Columbia Banking System, Inc (COLB) has around 5114 employees, a market worth around $5.85B and $2.97B in sales. Current P/E ratio is 10.96 and Fwd P/E is 9.73. Profit margin for the company is 17.96%. Distance from 52-week low is 63.40% and -15.07% from its 52-week high. The company has generated returns on investments over the last 12 months (6.08%).
The EPS is expected to shrink by -0.82% this year.
Columbia Banking System, Inc (COLB) Top Institutional Holders
508.0 institutions hold shares in Columbia Banking System, Inc (COLB), with institutional investors hold 96.09% of the company’s shares. The shares outstanding are 209.54M, and float is at 207.78M with Short Float at 2.22%. Institutions hold 95.49% 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.
