Keefe Bruyette raised the price target for the Columbia Banking System Inc. (NASDAQ:COLB) stock to “a Mkt perform”. The rating was released on February 11, 2022, according to finviz. We previously noted in another research note published on October 13, 2021 by DA Davidson that upgraded the stock from a Neutral to a Buy with a price target of $41 for COLB stock. The research report from Raymond James has upgraded the stock from Mkt Perform to Outperform, with a price target set at $43. The stock was downgraded by Piper Sandler, who disclosed in a research note on February 25, 2021, from Overweight to Neutral and set the price objective to $47. In their research brief published January 29, 2021, Keefe Bruyette analysts downgraded the Columbia Banking System Inc. stock from Outperform to Mkt Perform with a price target of $43.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Columbia Banking System Inc. (NASDAQ:COLB) raised 2.55% to close Tuesday’s market session at $29.35, higher as compared to yesterday’s close. The stock price fluctuated between $27.68 and $29.45 throughout the trading session with the volume trading being 1146621 shares, which represented a significant variation when compared to the three months average volume of 1.06 million shares. The firm’s stock price fluctuated 1.10% within the last five trades and -4.95% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 0.38% in the last 6 months and -5.81% was subtracted to its value over the previous 3 months. COLB stock is trading at a margin of 0.57%, -5.91% and -3.29% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, COLB deals in the Financial domain. The stock is trading -21.92 percent below its 52-week high and 8.82 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -13.89. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Columbia Banking System Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 96.20 percent and the profit margin is 36.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.24 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Columbia Banking System Inc. (NASDAQ:COLB) is 10.23. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.12. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.64 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.08, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
BARUFFI KUMI YAMAMOTO, the EVP General Counsel at Columbia Banking System Inc. (COLB) has bought 232 shares of firm on Dec 30 at a price of $26.84 against the total amount of $6227.0. In another inside trade, Lawson David C, EVP Chief H.R. Officer of Columbia Banking System Inc. (NASDAQ:COLB) bought 264 shares of the firm on Dec 30 for a total worth of $7086.0 at a price of $26.84. An inside trade which took place on Jun 30, EVP and General Counsel of Columbia Banking System Inc. BARUFFI KUMI YAMAMOTO bought 446 shares of firm against total price of $11502.0 at the cost of $25.79 per share.