Analyst Ratings for Columbia Banking System Inc. (COLB)Updated: 2017-07-26
Analysts covering Columbia Banking System Inc. (NASDAQ:COLB) have given it a consensus rating of Hold. About 30 days ago, COLB was issued an average rating of Hold.
A buy rating was issued by 1 analysts, 0 gave an overweight rating, 5 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for COLB. The maximum price target given was 45, which equates to a potential upside of 13.67 percent. The minimum price target given was 42, implying potential capital losses of 6.09 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -3.04 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -0.98 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of COLB's earnings is estimated by analysts to be 3.45 percent. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of COLB is 5.92.
COLB has a 52-week high of 45.68 and a 52-week low of 28.51. Currently the stock is 38.86 percent higher than its low, and 13.33 percent lower than its 52-week high. COLB has a P/E ratio of 20.41. Investors typically compare the P/E ratio to a company's peers in the industry. The COLB value stock report compares COLB to some of its peers using value stock charts. The stock has a market capitalization of $2.34 billion. COLB will post this quarters earnings in days, on 0000-00-00.