24-Apr-2024
Columbia Banking System Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 24-Apr 5:35 PM ET)
Notable earnings after Thursday's close
Seeking Alpha News (Wed, 24-Apr 5:35 PM ET)
Newsweek Names Umpqua Bank One of America's Most Trustworthy Companies for Second Year in a Row
PRNewswire (Mon, 8-Apr 12:45 PM ET)
Columbia Banking System Announces Date of First Quarter 2024 Earnings Release and Conference Call
PRNewswire (Mon, 1-Apr 8:15 AM ET)
Columbia Banking System to Present at Upcoming Institutional Investor Conferences on March 5-6, 2024
PRNewswire (Tue, 27-Feb 8:15 AM ET)
Umpqua Bank Announces Retirement of Chief Integration Officer Eric Eid
PRNewswire (Mon, 26-Feb 5:32 PM ET)
Columbia Banking System Announces $0.36 Per Common Share Dividend
PRNewswire (Fri, 9-Feb 8:15 AM ET)
Columbia Banking System Inc is a registered bank holding company whose wholly-owned banking subsidiary is Columbia State Bank. The company provides a full range of banking services to small and medium sized businesses, professionals, and individuals throughout Washington, Oregon, Idaho, and California. The company's subsidiary Columbia Trust Company is an Oregon trust company that provides agency, fiduciary, and other related trust services with offices in Washington, Oregon, and Idaho. The firm offers various products and services under Personal Banking, Business Banking, and Wealth Management divisions.
Columbia Banking System trades on the NASDAQ stock market under the symbol COLB.
As of April 24, 2024, COLB stock price climbed to $19.21 with 1,750,428 million shares trading.
COLB has a beta of 1.41, meaning it tends to be more sensitive to market movements. COLB has a correlation of 0.16 to the broad based SPY ETF.
COLB has a market cap of $4.02 billion. This is considered a Mid Cap stock.
Last quarter Columbia Banking System reported $519 million in Revenue and $.44 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.35.
In the last 3 years, COLB stock traded as high as $44.99 and as low as $17.08.
The top ETF exchange traded funds that COLB belongs to (by Net Assets): VTI, IJH, VB, SCHD, VBR.
COLB has underperformed the market in the last year with a return of -4.0%, while the SPY ETF gained +24.1%. In the last 3 month period, COLB fell short of the market, returning -23.5%, while SPY returned +4.5%. However, in the most recent 2 weeks COLB has outperformed the stock market by returning +6.4%, while SPY returned -1.7%.
COLB support price is $18.68 and resistance is $19.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that COLB stock will trade within this expected range on the day.