Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Columbia Banking System Inc (NASDAQ: COLB) improved during the last several trading days. COLB’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Columbia Banking System Inc (NASDAQ: COLB) stock declined modestly by -1.3% on 8/9/24. The stock closed at $23.16. However, trading volume in this decline was unusually low at 64% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.5% 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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Columbia Banking System has a very high Appreciation Score of 92 but a neutral Power Rating of 44, resulting in the Positive Value Trend Rating.
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