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Friday, September 29, 2023

The Street Is Finally Waking Up To Columbia Banking System Inc. (NASDAQ: COLB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Columbia Banking System Inc. (COLB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.15, or -0.71%, to $21.00. The Columbia Banking System Inc. has recorded 39,755 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Columbia Banking System Announces $0.36 Per Common Share Dividend.

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Stocks Info

Columbia Banking System Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $21.15 and fluctuated between $21.31 as its day high and $20.67 as its day low. The current market capitalization of Columbia Banking System Inc. is $4.27B. A total of 1.05 million shares were traded on the day, compared to an average of 1.74M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, COLB has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 1,708 and the disposition of 577 shares. Over the last 12 months, there were 135 BUYs and 75 SELLs from insiders. Insiders purchased 542,951 shares during that period but sold 126,103.

In the most recent transaction, BARUFFI KUMI YAMAMOTO bought 854 shares of COLB for 18.25 per share on Jun 30. After the transaction, the General Counsel, Corporate Sec now owns 43,511 company shares. In a previous transaction on Jun 30, Deer Aaron James bought 854 shares at 18.25 per share. COLB shares that Chief Strategy/Innovation Offc owns now total 36,144.

Among the insiders who bought shares, EERKES CRAIG D acquired of 2,381 shares on May 24 at a per-share price of $21.01. This resulted in the Director holding 29,022 shares of COLB after the transaction. In another insider transaction, Lawson David C bought 264 shares at $26.84 per share on Dec 30. Company shares held by the EVP Chief H.R. Officer now total 21,212.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Columbia Banking System Inc. pays an annual dividend of $1.44, resulting in a dividend yield of 6.81%, and it has a price to earnings (P/E) ratio of 9.36. COLB’s most recent ex-dividend date was 8/24/2023 when it declared a $0.36 quarterly dividend that was paid in cash on 9/11/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/30/2023. The COLB stock dividend was $0.36 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for COLB in the last 3 months, the mean price target is $25.32 with high estimates of $30.00 and low estimates of $18.00. In terms of 52-week highs and lows, COLB has a high of $35.53 and a low of $17.54.

As of this writing, COLB has an earnings estimate of $0.72 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.85 per share and a lower estimate of $0.59. The company reported an EPS of $0.46 in the last quarter, which was 2.20% higher than expectations of $0.45.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $23.22, while its Total Shareholder’s Equity was $2.75B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COLB is Buy with a score of 3.82.

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