Wedbush has recently raised Columbia Banking System Inc (COLB) stock to Outperform rating, as announced on September 24, 2024, according to Finviz. Earlier, on March 8, 2024, Barclays had initiated the stock to Equal Weight, setting a price target of $20. Stephens also reduced rating with a price target of $24. Additionally, Raymond James reduced Outperform rating on January 25, 2024, with a target price of $25. Keefe Bruyette analysts, in their report published on January 25, 2024, also reduced Mkt Perform rating and set a price target of $25 for Columbia Banking System Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Columbia Banking System Inc (COLB) Stock Trading Recap
On Monday, Columbia Banking System Inc (COLB) stock saw a decline, ending the day at $27.76 which represents a decrease of $-0.61 or -2.15% from the prior close of $28.37. The stock opened at $28.23 and touched a low of $27.55 during the day, reaching a high of $28.27. The volume of shares traded was 2.04 million exceeding the average volume of 1.70 million.
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COLB Stock Performance and Moving Averages
In recent trading, Columbia Banking System Inc (COLB) stock price has shown some volatility, fluctuating -3.51% over the last five trades and 8.14% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 36.28%, and it has gained 19.50% in the previous three months. Currently, COLB is trading at 0.93%, 6.72%, and 28.39% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, COLB, a Financial sector stock, is trading -5.61% below its 52-week high but remains 62.58% above its 52-week low. The Average True Range (ATR) (14 days) of 0.75 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Columbia Banking System Inc’s Profitability and Valuation Ratios
Columbia Banking System Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 19.78% and a profit margin of 17.81%, with a gross margin of 36.28%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Columbia Banking System Inc’s market capitalization stands at $5.79 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 11.98, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.25. Additionally, the Price-to-Sales Ratio is 1.93, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.1, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.85% of Columbia Banking System Inc (COLB)’s shares, while financial institutions hold 92.29%.