Columbia Banking System, Inc. [NASDAQ: COLB] traded at a high on Thursday, posting a 4.39 gain after which it closed the day’ session at $28.27.
The results of the trading session contributed to over 3264769 shares changing hands. Over the past one week, the price volatility of Columbia Banking System, Inc. stands at 3.01% while the volatility over the past one month is 2.44%.
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The market cap for COLB stock reached $5.92 billion, with 208.58 million shares outstanding and 207.71 million shares in the current float. Compared to the average trading volume of 1.84M shares, COLB reached a trading volume of 3264769 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $29.17 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 2.58. 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.
Wedbush have made an estimate for Columbia Banking System, Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 24, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on March 08, 2024, representing the official price target for Columbia Banking System, Inc. stock. Previously, the target price had yet another drop from $31 to $24, while Stephens kept a Equal-Weight rating on COLB stock.
The Average True Range (ATR) for Columbia Banking System, Inc. is set at 0.72, with the Price to Sales ratio for COLB stock in the period of the last 12 months amounting to 1.98. The Price to Book ratio for the last quarter was 1.19. Price to Free Cash Flow for COLB in the course of the last twelve months was 7.70.
How has COLB stock performed recently?
Columbia Banking System, Inc. [COLB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.84. With this latest performance, COLB shares gained by 10.30% in over the last four-week period, additionally plugging by 48.71% over the last 6 months – not to mention a rise of 52.32% 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 69.11, with the RSI for the last a single of trading hit 72.01, and the three-weeks RSI is set at 66.70 for Columbia Banking System, Inc. [COLB]. The present Moving Average for the last 50 days of trading for this stock 25.38, while it was recorded at 27.30 for the last single week of trading, and 21.50 for the last 200 days.
Columbia Banking System, Inc. [COLB]: Deeper insight into the fundamentals
Columbia Banking System, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.04.
Earnings analysis for Columbia Banking System, Inc. [COLB]
With the latest financial reports released by the company, Columbia Banking System, Inc. posted 0.79/share EPS, while the average EPS was predicted by analysts to be reported at 0.73/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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 2.57%.
Insider trade positions for Columbia Banking System, Inc. [COLB]
There are presently around $93.62%, or 94.26%% of COLB stock, in the hands of institutional investors. The top three institutional holders of COLB stocks are: VANGUARD GROUP INC with ownership of 22.23 million shares, which is approximately 10.6756%. BLACKROCK INC., holding 18.32 million shares of the stock with an approximate value of $$364.46 million in COLB stocks shares; and BLACKROCK INC., currently with $$230.15 million in COLB stock with ownership which is approximately 5.5561%.
