13-May-2024
Columbia Banking System declares $0.36 dividend
Seeking Alpha News (Mon, 13-May 8:30 AM ET)
Columbia Banking System Announces $0.36 Per Common Share Dividend
PRNewswire (Mon, 13-May 8:15 AM ET)
Columbia Banking System Enhances Employee Incentive Plans
TipRanks (Thu, 9-May 6:15 AM ET)
Global Finance Names Umpqua Bank Best U.S. Regional Bank in the Far West
PRNewswire (Thu, 2-May 12:00 PM ET)
COLUMBIA BANKING SYSTEM, INC. REPORTS FIRST QUARTER 2024 RESULTS
PRNewswire (Thu, 25-Apr 4:02 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 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 May 13, 2024, COLB stock price declined to $20.22 with 1,417,301 million shares trading.
COLB has a beta of 1.35, meaning it tends to be more sensitive to market movements. COLB has a correlation of 0.15 to the broad based SPY ETF.
COLB has a market cap of $4.23 billion. This is considered a Mid Cap stock.
Last quarter Columbia Banking System reported $474 million in Revenue and $.65 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.12.
In the last 3 years, COLB stock traded as high as $44.20 and as low as $17.08.
The top ETF exchange traded funds that COLB belongs to (by Net Assets): IJH, VTI, VB, SCHD, VBR.
COLB stock has underperformed the market in the last year with a return of +14.0%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in COLB shares. However, COLB has outperformed the market in the last 3 month and 2 week periods, returning +9.2% and +5.8%, while SPY returned +4.3% and +2.5%, respectively. This indicates COLB has been having a stronger performance recently.
COLB support price is $19.91 and resistance is $20.73 (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.