Columbia Banking System, Inc. (COLB) : What’s the Story?

Columbia Banking System, Inc. (NASDAQ:COLB) is an interesting player in the Financial space, with a focus on Savings & Loans. The stock has been active on the tape, currently trading at $41.56, up from yesterday’s close by -2.37%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Money managers are always interested in a company that can find the right recipe of fundamental data because it reflects something important going on underneath the surface. Columbia Banking System, Inc. (COLB) currently trades with a market capitalization of $2.41B. That value represents a market adjusting for revenues that have been growing by 5.40% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For COLB, the company currently has $211.87M of cash on the books, which is offset by $155.53M current liabilities. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of 0.49 on a per share basis this quarter. Perhaps, that suggests something about why 92.10% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Columbia Banking System, Inc. recorded a 52-week high of 45.68. It is now trading 3.11 off that level. The stock is trading 43.26 its 50-day moving average by 0.69. The stock carved out a 52-week low down at 26.17.

In recent action, Columbia Banking System, Inc. (COLB) has made a move of -4.70% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 24.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 57.23M with 3.22% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of COLB.

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