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Columbia Banking System (COLB) Stock Price, News & Analysis

$18.77
-0.05 (-0.27%)
(As of 05/28/2024 ET)
Today's Range
$18.61
$18.94
50-Day Range
$17.35
$20.45
52-Week Range
$17.08
$28.11
Volume
1.76 million shs
Average Volume
2.68 million shs
Market Capitalization
$3.93 billion
P/E Ratio
8.06
Dividend Yield
7.67%
Price Target
$22.19

Columbia Banking System MarketRank™ Stock Analysis

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
18.2% Upside
$22.19 Price Target
Short Interest
Healthy
3.73% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.50mentions of Columbia Banking System in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.79%
From $2.44 to $2.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.64 out of 5 stars

Finance Sector

203rd out of 880 stocks

State Commercial Banks Industry

47th out of 179 stocks

COLB stock logo

About Columbia Banking System Stock (NASDAQ:COLB)

Columbia Banking System, Inc. operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans and permanent financing, and small business administration program financing, as well as capital markets. In addition, the company offers wealth management comprising financial planning, investment, trust, and insurance; treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, and foreign exchange and international banking related products, as well as merchant services; and brokerage services, residential real estate loans and consumer loans. It serves its products to corporate, institutional, small business, and individual customers. The company was founded in 1953 and is headquartered in Tacoma, Washington.

COLB Stock Price History

COLB Stock News Headlines

3 Bargain Stocks Ready to Supercharge Your Wealth
Demystifying Columbia Banking System: Insights From 9 Analyst Reviews
Columbia Banking System earnings preview: what to expect
COLB Apr 2024 12.500 put
See More Headlines
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Company Calendar

Ex-Dividend for 3/11 Dividend
2/22/2024
Dividend Payable
3/11/2024
Last Earnings
4/25/2024
Ex-Dividend for 6/10 Dividend
5/23/2024
Today
5/28/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:COLB
CUSIP
19723610
Employees
5,114
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$22.19
High Stock Price Target
$29.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+18.2%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

Net Income
$348.71 million
Pretax Margin
22.37%

Debt

Sales & Book Value

Annual Sales
$2.74 billion
Cash Flow
$2.74 per share
Book Value
$23.95 per share

Miscellaneous

Free Float
208,143,000
Market Cap
$3.93 billion
Optionable
Optionable
Beta
0.69

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Key Executives


COLB Stock Analysis - Frequently Asked Questions

Should I buy or sell Columbia Banking System stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last year. There are currently 11 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" COLB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COLB, but not buy additional shares or sell existing shares.
View COLB analyst ratings
or view top-rated stocks.

What is Columbia Banking System's stock price target for 2024?

13 analysts have issued 12 month target prices for Columbia Banking System's stock. Their COLB share price targets range from $20.00 to $29.00. On average, they anticipate the company's stock price to reach $22.19 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for COLB
or view top-rated stocks among Wall Street analysts.

How have COLB shares performed in 2024?

Columbia Banking System's stock was trading at $26.68 at the beginning of the year. Since then, COLB shares have decreased by 29.6% and is now trading at $18.77.
View the best growth stocks for 2024 here
.

Are investors shorting Columbia Banking System?

Columbia Banking System saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 7,820,000 shares, a decline of 8.9% from the April 30th total of 8,580,000 shares. Based on an average daily volume of 2,640,000 shares, the days-to-cover ratio is presently 3.0 days.
View Columbia Banking System's Short Interest
.

When is Columbia Banking System's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our COLB earnings forecast
.

How were Columbia Banking System's earnings last quarter?

Columbia Banking System, Inc. (NASDAQ:COLB) announced its quarterly earnings data on Thursday, April, 25th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.53 by $0.12. The financial services provider earned $473.72 million during the quarter, compared to analyst estimates of $480.39 million. Columbia Banking System had a trailing twelve-month return on equity of 11.58% and a net margin of 16.52%. The company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share.

How often does Columbia Banking System pay dividends? What is the dividend yield for Columbia Banking System?

Columbia Banking System declared a quarterly dividend on Monday, May 13th. Stockholders of record on Friday, May 24th will be given a dividend of $0.36 per share on Monday, June 10th. This represents a $1.44 annualized dividend and a yield of 7.67%. The ex-dividend date of this dividend is Thursday, May 23rd.
Read our dividend analysis for COLB
.

Is Columbia Banking System a good dividend stock?

Columbia Banking System (NASDAQ:COLB) pays an annual dividend of $1.44 per share and currently has a dividend yield of 7.65%. COLB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 61.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COLB will have a dividend payout ratio of 54.75% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COLB.

What is Clint E. Stein's approval rating as Columbia Banking System's CEO?

9 employees have rated Columbia Banking System Chief Executive Officer Clint E. Stein on Glassdoor.com. Clint E. Stein has an approval rating of 54% among the company's employees. This puts Clint E. Stein in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Columbia Banking System own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbia Banking System investors own include Heritage Financial (HFWA), Chevron (CVX), Marathon Petroleum (MPC), Enbridge (ENB), Farmers & Merchants Bancorp (FMAO), Altria Group (MO), Umpqua (UMPQ), Wells Fargo & Company (WFC), Weyerhaeuser (WY) and Exxon Mobil (XOM).

Who are Columbia Banking System's major shareholders?

Columbia Banking System's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.67%), Silvercrest Asset Management Group LLC (2.13%), Epoch Investment Partners Inc. (1.22%), Pzena Investment Management LLC (1.17%), William Blair Investment Management LLC (0.86%) and Sei Investments Co. (0.46%). Insiders that own company stock include Aaron James Deer, Christopher Merrywell, Clint Stein, Craig D Eerkes, David C Lawson, Elizabeth Whitehead Seaton, John F Schultz, Kumi Yamamoto Baruffi, Luis Machuca, Ron L Farnsworth and Tom Hulbert.
View institutional ownership trends
.

How do I buy shares of Columbia Banking System?

Shares of COLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:COLB) was last updated on 5/29/2024 by MarketBeat.com Staff

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