Stock To Watch: Columbia Banking System, Inc. (NASDAQ:COLB)


The leading market experts have placed a mean price target of $31.40 on Columbia Banking System, Inc. (NASDAQ:COLB) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.47 a share for the upcoming quarter and $1.76 for the current fiscal.

Technical View

The technical analysis of Columbia Banking System, Inc. plainly substantiates that the 50-day moving average of Columbia Banking System, Inc. is $29.35, and stock is trading $1.87 points away or +6.37% from its 50-day moving average of $29.35. Further it is trading $1.85 or +6.30% away its 200-day moving average of $29.37. Columbia Banking System, Inc. (NASDAQ:COLB) 52-week high is $36.27 and the 52-week low is $26.17.

This explains if the stock moves $-5.05, it will post a 52-week high. In event of +19.30% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Columbia Banking System, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Columbia Banking System, Inc. (NASDAQ:COLB) ratio came in at 18.26.

The stock last ended the trading session at $31.22 and registered a market cap of $1.81B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Columbia Banking System, Inc. (NASDAQ:COLB) PEG ratio is at 2.00.

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