Columbia Banking System (COLB) Stock Price, News & Analysis

Company Overview

Columbia Banking System, Inc. operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans and permanent financing, and small business administration program financing, as well as capital markets. In addition, the company offers wealth management comprising financial planning, investment, trust, and insurance; treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, and foreign exchange and international banking related products, as well as merchant services; and brokerage services, residential real estate loans and consumer loans. It serves its products to corporate, institutional, small business, and individual customers. The company was founded in 1953 and is headquartered in Tacoma, Washington.

Key Stats

• Today's Range: $29.60 to $30.39
• 50-Day Range: $23.55 to $31.69
• 52-Week Range: $17.08 to $31.86
• Volume: 1.09 million shs
• Average Volume: 1.75 million shs
• Market Capitalization: $6.28 billion
• P/E Ratio: 12.98
• Dividend Yield: 4.80%
• Price Target: $27.12
• Consensus Rating: Hold

Columbia Banking System Stock Analysis - MarketRank™

Columbia Banking System scored higher than 72% of companies evaluated by MarketBeat, and ranked 365th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Columbia Banking System has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 3 buy ratings, 10 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Columbia Banking System has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.42%

Earnings Growth

Earnings for Columbia Banking System are expected to grow by 3.42% in the coming year, from $2.63 to $2.72 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Columbia Banking System is 12.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of Columbia Banking System is 12.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Book Value per Share Ratio

Columbia Banking System has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.91% of the outstanding shares of Columbia Banking System have been sold short.

Short Interest Ratio / Days to Cover

Columbia Banking System has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Columbia Banking System has recently decreased by 3.14%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Columbia Banking System is a leading dividend payer. It pays a dividend yield of 4.78%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Columbia Banking System does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Columbia Banking System is 62.34%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Columbia Banking System will have a dividend payout ratio of 52.94% next year. This indicates that Columbia Banking System will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.91% of the outstanding shares of Columbia Banking System have been sold short.

Short Interest Ratio / Days to Cover

Columbia Banking System has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Columbia Banking System has recently decreased by 3.14%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.45

News Sentiment

Columbia Banking System has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Columbia Banking System this week, compared to 5 articles on an average week.

Search Interest

Only 5 people have searched for COLB on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Columbia Banking System to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Columbia Banking System insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.62% of the stock of Columbia Banking System is held by insiders.

Percentage Held by Institutions

92.53% of the stock of Columbia Banking System is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

COLB Stock Analysis - Frequently Asked Questions

How have COLB shares performed this year?

Columbia Banking System's stock was trading at $26.68 at the start of the year. Since then, COLB stock has increased by 12.4% and is now trading at $29.98.
View the best growth stocks for 2024 here.

How were Columbia Banking System's earnings last quarter?

Columbia Banking System, Inc. (NASDAQ:COLB) issued its quarterly earnings results on Thursday, October, 24th. The financial services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.07. The financial services provider earned $765.06 million during the quarter, compared to analyst estimates of $478.80 million. Columbia Banking System had a net margin of 16.15% and a trailing twelve-month return on equity of 10.13%.

Who are Columbia Banking System's major shareholders?

Top institutional investors of Columbia Banking System include State Street Corp (4.95%), Charles Schwab Investment Management Inc. (3.39%), Wellington Management Group LLP (3.18%) and Massachusetts Financial Services Co. MA (2.98%). Insiders that own company stock include Clint Stein, Ron L Farnsworth, Luis Machuca, Christopher Merrywell, Kumi Yamamoto Baruffi, John F Schultz, Aaron James Deer, Craig D Eerkes, Elizabeth Whitehead Seaton, David C Lawson and Tom Hulbert.
View institutional ownership trends.

How do I buy shares of Columbia Banking System?

Shares of COLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Columbia Banking System own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Columbia Banking System investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Southern First Bancshares (SFST).

Company Calendar

• Ex-Dividend for 9/9 Dividend: 8/23/2024
• Dividend Payable: 9/09/2024
• Last Earnings: 10/24/2024
• Today: 11/21/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/22/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:COLB
• CUSIP: 19723610
• CIK: 887343
• Web: www.columbiabank.com
• Phone: (253) 305-1900
• Fax: 253-305-0317
• Employees: 5,114
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $27.12
• High Stock Price Target: $35.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: -9.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.23
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.31
• Trailing P/E Ratio: 12.98
• Forward P/E Ratio: 11.40
• P/E Growth: N/A
• Net Income: $348.71 million
• Net Margins: 16.15%
• Pretax Margin: 21.80%
• Return on Equity: 10.13%
• Return on Assets: 0.98%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.86
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $2.74 billion
• Price / Sales: 2.29
• Cash Flow: $2.73 per share
• Price / Cash Flow: 10.97
• Book Value: $25.17 per share
• Price / Book: 1.19

Miscellaneous

• Outstanding Shares: 209,530,000
• Free Float: 208,232,000
• Market Cap: $6.28 billion
• Optionable: Optionable
• Beta: 0.62