Columbia Banking System, Inc. (NASDAQ: COLB): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Columbia Banking System to Present at Upcoming Institutional Investor Conferences on March 5-6, 2024.

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Stocks Info

COLB belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. The current market capitalization of Columbia Banking System, Inc. is $4.04B. A total of 2.75 million shares were traded on the day, compared to an average of 3.02M shares.

In the most recent transaction, SEATON ELIZABETH WHITEHEAD bought 2,685 shares of COLB for 18.48 per share on Feb 06 ’24. After the transaction, the Director now owns 25,001 company shares. In a previous transaction on Feb 01 ’24, Deer Aaron James bought 2,000 shares at 19.32 per share. COLB shares that Chief Strategy/Innovation Offc owns now total 36,850.

Among the insiders who bought shares, Lund Randal Lee acquired of 1,000 shares on Feb 01 ’24 at a per-share price of $19.29. This resulted in the Director holding 17,149 shares of COLB after the transaction. In another insider transaction, MACHUCA LUIS bought 4,889 shares at $20.58 per share on Jan 31 ’24. Company shares held by the Director now total 60,835.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Columbia Banking System, Inc. pays an annual dividend of $1.44, resulting in a dividend yield of 7.44%, and it has a price to earnings (P/E) ratio of 11.73. COLB’s most recent ex-dividend date was 2/22/2024 when it declared a $0.36 quarterly dividend that was paid in cash on 3/11/2024. Previously, the company paid the dividend on 12/11/2023 with an ex-dividend date of 11/22/2023. The COLB stock dividend was $0.36 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, COLB has a high of $28.11 and a low of $17.18.

As of this writing, COLB has an earnings estimate of $0.56 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.53. The company reported an EPS of $0.79 in the last quarter, which was 8.20% higher than expectations of $0.73.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $23.95, while its Total Shareholder’s Equity was $2.75B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.38.

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