26-Apr-2024
Piper Sandler Reaffirms Their Buy Rating on Columbia Banking System (COLB)
TipRanks (Fri, 26-Apr 7:52 AM ET)
TipRanks (Fri, 26-Apr 7:06 AM ET)
RBC Capital Reaffirms Their Hold Rating on Columbia Banking System (COLB)
TipRanks (Fri, 26-Apr 6:35 AM ET)
TipRanks (Fri, 26-Apr 5:51 AM ET)
TipRanks (Fri, 26-Apr 5:06 AM ET)
Barclays Sticks to Their Hold Rating for Columbia Banking System (COLB)
TipRanks (Fri, 26-Apr 4:47 AM ET)
KBW Keeps Their Hold Rating on Columbia Banking System (COLB)
TipRanks (Fri, 26-Apr 1:26 AM ET)
Columbia Banking System Schedules Investor Presentation Event
TipRanks (Thu, 25-Apr 4:48 PM ET)
Columbia Banking System Non-GAAP EPS of $0.65 beats by $0.12, revenue of $473.72M misses by $4.77M
Seeking Alpha News (Thu, 25-Apr 4:22 PM ET)
COLUMBIA BANKING SYSTEM, INC. REPORTS FIRST QUARTER 2024 RESULTS
PRNewswire (Thu, 25-Apr 4:02 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 April 26, 2024, COLB stock price climbed to $19.12 with 3,592,767 million shares trading.
COLB has a beta of 1.42, 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 $4.00 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 $44.99 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 +3.0%, while the SPY ETF gained +27.4%. In the last 3 month period, COLB fell short of the market, returning -4.6%, while SPY returned +4.6%. However, in the most recent 2 weeks COLB has outperformed the stock market by returning +8.3%, while SPY returned -0.5%.
COLB support price is $18.63 and resistance is $19.39 (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.