Columbia Banking System Inc (NASDAQ: COLB) has reported E.P.S. of $0.58 for its second fiscal quarter (ending June 30) versus $0.64 for the same period a year ago — a decline of -9%. However, this performance was $0.01 better than the consensus estimate of $0.57. E.P.S. were $2.27 for the latest four quarters through June 30 versus $1.94 for the same period a year ago — an increase of 17%.
Recent Price Action
On 7/25/24, Columbia Banking System Inc (NASDAQ: COLB) stock enjoyed a large increase of 3.5%, closing at $24.19. Moreover, trading volume in this advance was unusually high at 183% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.1% 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 be above the cost of capital.
Columbia Banking System has a current Value Trend Rating of C (Neutral). 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 92 but a poor Power Rating of 18, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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