Columbia Banking System Inc (NASDAQ: COLB) has reported E.P.S. of $0.70 for its third fiscal quarter (ending September 30) versus $0.65 for the same period a year ago — an increase of 8%. For the latest four quarters through September 30, E.P.S. were $2.32 compared to $1.98 a year ago — an increase of 17%.
Recent Price Action
On 10/24/24, Columbia Banking System Inc (NASDAQ: COLB) stock enjoyed a large increase of 4.4%, closing at $28.27. Moreover, this advance was accompanied by unusually high trading volume at 185% of normal. The stock has been exceptionally strong relative to the market over the last nine months and 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Columbia Banking System has a very high Appreciation Score of 90 and a very high Power Rating of 92, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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