With 2.16 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.94 million shares. The 52-week range on COLB shows that it touched its highest point at $32.85 and its lowest point at $18.11 during that stretch. It currently has a 1-year price target of $27.71. With its current market cap of 4.97 billion, COLB has annualized dividend of $1.44 while the current yield stands at 6.09%. Beta for the stock currently stands at 0.60.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COLB was down-trending over the past week, with a drop of -5.85%, but this was up by 0.60% over a month. Three-month performance dropped to -10.75% while six-month performance fell -22.55%. The stock gained 17.89% in the past year, while it has lost -12.40% so far this year. A look at the trailing 12-month EPS for COLB yields 2.37 with Next year EPS estimates of 3.06. For the next quarter, that number is 0.66. This implies an EPS growth rate of -1.42% for this year and 14.52% for next year. EPS is expected to grow by 6.28% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.98%.
Float and Shares Shorts:
At present, 210.11 million COLB shares are outstanding with a float of 208.44 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COLB since 10 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.67481 being high and $2.61537 being low. For COLB, this leads to a yearly average estimate of $2.63518. Based on analyst estimates, the high estimate for the next quarter is $0.7 and the low estimate is $0.65. The average estimate for the next quarter is thus $0.68.
