Columbia Banking System Inc (NASDAQ: COLB) stock enjoyed a major increase of 12.5% on 11/6/24. The shares closed at $31.69. Moreover, exceptionally high trading volume at 257% of normal accompanied the advance. The stock has risen 10.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Columbia Banking System has a very high Appreciation Score of 89 and a very high Power Rating of 96, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment