Columbia Banking System Inc (NASDAQ: COLB) has reported E.P.S. of $0.60 for its first fiscal quarter (ending March 31) versus $-0.09 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.34 compared to $1.81 a year ago.
Recent Price Action
On 4/25/24, Columbia Banking System Inc (NASDAQ: COLB) stock declined modestly by -1.0%, closing at $19.01. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 8.7% during the last week.
Current PriceTarget Research Rating
COLB is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Columbia Banking System has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Columbia Banking System has a very high Appreciation Score of 94 but a slightly negative Power Rating of 34, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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