Columbia Banking System, Inc. [NASDAQ: COLB] stock went on a downward path that fall over -21.14% on Thursday, amounting to a one-week price decrease of less than -17.93%. The company report on January 24, 2024 at 4:02 PM that COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2023 RESULTS.
Fourth Quarter 2023 Results.
Net income of $94 million, or $0.45 per diluted common share.
Over the last 12 months, COLB stock dropped by -31.24%. The one-year Columbia Banking System, Inc. stock forecast points to a potential upside of 21.11. The average equity rating for COLB stock is currently 2.75, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.21 billion, with 208.59 million shares outstanding and 206.71 million shares in the current float. Compared to the average trading volume of 1.53M shares, COLB stock reached a trading volume of 15237254 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Columbia Banking System, Inc. [COLB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COLB shares is $25.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COLB stock is a recommendation set at 2.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stephens have made an estimate for Columbia Banking System, Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on Jan-26-24.
The Average True Range (ATR) for Columbia Banking System, Inc. is set at 1.07, with the Price to Sales ratio for COLB stock in the period of the last 12 months amounting to 1.53. The Price to Book ratio for the last quarter was 0.84. Price to Free Cash Flow for COLB in the course of the last twelve months was 8.08.
COLB Stock Performance Analysis:
Columbia Banking System, Inc. [COLB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.93. With this latest performance, COLB shares dropped by -24.25% in over the last four-week period, additionally sinking by -10.83% over the last 6 months – not to mention a drop of -31.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COLB stock in for the last two-week period is set at 25.52, with the RSI for the last a single of trading hit 19.01, and the three-weeks RSI is set at 31.71 for Columbia Banking System, Inc. [COLB]. The present Moving Average for the last 50 days of trading for this stock 24.61, while it was recorded at 24.24 for the last single week of trading, and 21.72 for the last 200 days.
Insight into Columbia Banking System, Inc. Fundamentals:
Columbia Banking System, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.07.
COLB Stock EPS
With the latest financial reports released by the company, Columbia Banking System, Inc. posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COLB. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Columbia Banking System, Inc. go to 8.00%.
Columbia Banking System, Inc. [COLB] Institutonal Ownership Details
The top three institutional holders of COLB stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in COLB stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in COLB stock with ownership which is approximately 5.8325%.
