It’s Not Over Yet For 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. Most recently, Yahoo Finance reported about the stock as it publicized that Columbia Banking System Announces Date of First Quarter 2024 Earnings Release and Conference Call.

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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. The current market capitalization of Columbia Banking System, Inc. is $3.94B. A total of 2.36 million shares were traded on the day, compared to an average of 3.06M 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

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 7.63%, and it has a price to earnings (P/E) ratio of 11.44. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

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 $23.95, 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 3.38.

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