Columbia Banking System Inc (NASDAQ: COLB) stock enjoyed a major increase of 11.6% on 7/26/24. The shares closed at $26.99. Moreover, exceptionally high trading volume at 239% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 15.0% 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 90 but a poor Power Rating of 20, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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