Full Answer
How much of Columbia Financial stock is owned by institutions?
Only 16.64% of the stock of Columbia Financial is held by institutions. Earnings for Columbia Financial are expected to decrease by -4.94% in the coming year, from $0.81 to $0.77 per share.
Who bought Colb stock in the last quarter?
COLB stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., DeDora Capital Inc., Western Financial Corporation, Louisiana State Employees Retirement System, Carolina Wealth Advisors LLC, Crossmark Global Holdings Inc., and New York State Teachers Retirement System.
Is clbk (clbk) a great stock for a turnaround?
Moreover, CLBK currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term.
How much will Columbia Bank's $5 billion deal dilute book value?
The $5.1 billion price tag will dilute Columbia's tangible book value by a hefty 6% and take 2.6 years to earn back. There's more regulatory scrutiny over large bank deals at the Federal Reserve right now.
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What stocks go up in February?
Stocks with average or median gains of less than 3% are typically excluded.89% Rally Rate. Hershey Company, The (HSY) ... 86% Rally Rate. Eaton Corporation PLC (ETN) ... 79% Rally Rate. Brinker International Inc. ( ... 78% Rally Rate. Terex Corporation (TEX) ... 75% Rally Rate. VF Corporation (VFC)
Is Columbia a good stock?
Columbia Sportswear Company has a Quality Score of 93, which is Very Strong.
Should I invest in Columbia Sportswear?
The consensus among Wall Street research analysts is that investors should "hold" Columbia Sportswear stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COLM, but not buy additional shares or sell existing shares.
How do I invest in Columbia Care?
Columbia Care stock can be purchased by contacting a registered stockbroker or through an online stock brokerage service for self-directed investors. Can non-Canadian residents invest in the company? Yes, non-Canadian residents can invest in Columbia Care on Canada's NEO stock exchange (stock ticker symbol “CCHW”).
Should I buy or sell Columbia Banking System stock right now?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last year. There are currently 3 hold ratin...
What is Columbia Banking System's stock price forecast for 2022?
5 analysts have issued 12 month price targets for Columbia Banking System's stock. Their forecasts range from $31.00 to $41.00. On average, they pr...
How has Columbia Banking System's stock price performed in 2022?
Columbia Banking System's stock was trading at $32.72 at the start of the year. Since then, COLB shares have decreased by 13.2% and is now trading...
When is Columbia Banking System's next earnings date?
Columbia Banking System is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast...
How were Columbia Banking System's earnings last quarter?
Columbia Banking System, Inc. (NASDAQ:COLB) issued its quarterly earnings data on Thursday, April, 21st. The financial services provider reported $...
How often does Columbia Banking System pay dividends? What is the dividend yield for Columbia Banking System?
Columbia Banking System declared a quarterly dividend on Monday, April 25th. Investors of record on Wednesday, May 4th will be paid a dividend of $...
Is Columbia Banking System a good dividend stock?
Columbia Banking System(NASDAQ:COLB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 4.23%. COLB has a dividend yi...
Who are Columbia Banking System's key executives?
Columbia Banking System's management team includes the following people: Mr. Clint E. Stein , CEO, Pres & Director (Age 50, Pay $2.03M) Mr. Aaro...
What is Clint E. Stein's approval rating as Columbia Banking System's CEO?
9 employees have rated Columbia Banking System CEO Clint E. Stein on Glassdoor.com . Clint E. Stein has an approval rating of 54% among Columbia B...
Columbia rose after it reported earnings. The numbers were good, even though they were down. Here's a quick takeaway
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
What happened
Shares of clothing maker Columbia Sportswear ( NASDAQ:COLM) rose sharply out of the gate today, gaining as much as 20% at their peak in the first hour or so of trading. By 10:30 a.m. EST, that gain had been pared to a still-impressive 12%, as investors digested the after-market earnings update Columbia provided on Feb. 4.
So what
The earnings story here is basically threefold. First, year over year results weren't great. Sales dropped 4% in the quarter as roughly 40% growth in online revenue wasn't enough to offset the hit from reduced in-store traffic due to the global pandemic. Earnings, meanwhile, were off by 14%.
Now what
Columbia Sportswear is up around 75% (including today's gain) since hitting a low in March of 2020. That said, it's up only around 10% or so over the past 12 months, so in some ways the stock is just getting back to where it was before the pandemic.
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About Columbia Banking System
Columbia Banking System, Inc. is a bank holding company, which engages in the provision of financial services. It specializes in personal, business, and wealth management.
Columbia Banking System (NASDAQ:COLB) Frequently Asked Questions
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Columbia Banking System stock.
Why are G rowth stocks so attractive?
G rowth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task. That's because, these stocks usually carry above-average risk and volatility.
What is Zacks research?
Zacks. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank.
Is double digit earnings growth more important than earnings growth?
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
About Columbia Financial
Columbia Financial, Inc. is a holding company, which engages in the provision of traditional banking and other financial services. It offers personal and business banking, wealth management, and other banking services such as online banking, bills payment, and mobile check deposit.
Columbia Financial (NASDAQ:CLBK) Frequently Asked Questions
2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Columbia Financial in the last twelve months. There are currently 2 buy ratings for the stock.
Investors are disappointed by the terms of a blockbuster regional bank deal
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
Key Points
On Tuesday Columbia and Umpqua announced plans to combine to create a $50 billion-asset West Coast bank franchise.
What happened
Shares of Columbia Banking System ( NASDAQ:COLB) traded down 14% at midday on Tuesday after the regional bank announced plans to combine with Umpqua Holdings ( NASDAQ:UMPQ). The deal will create a West Coast banking powerhouse, but investors are not feeling enthusiastic about the deal on Tuesday.
So what
Before markets opened, Columbia Banking and Umpqua announced an all-stock merger that would create a $7.7 billion market capitalization bank with more than $50 billion in combined assets. Terms of the deal call for Umpqua shareholders to receive 0.5968 shares of Columbia Banking for each Umpqua share they own.
Now what
The combined bank would have $43 billion in deposits spread across Oregon, Washington, California, Idaho, and Nevada, and should have the resources needed to better compete against bigger, well-funded rivals. The two banks expect to strip out more than $1 billion in annual costs, making the resulting company more efficient.
NASDAQ: COLB
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It's a very odd deal structure
Initially, the deal looks like a merger of equals (MOE), where two banks try to gain scale and spread a larger revenue pool over a smaller expense space, while gaining the ability to further invest in their technology.
NASDAQ: COLB
However, the Columbia-Umpqua merger may not actually be a MOE because Columbia paid a premium for Umpqua. Columbia previously traded at 184% tangible book value, or TBV (what a bank would be worth if it were liquidated). It purchased Umpqua in an all-stock deal for $5.1 billion, valuing Umpqua at 189% TBV.
Merits of the deal
There are, of course, merits to the deal and the potential for it to be successful. Columbia expects the deal to boost its earnings per share by 23% in 2023, largely from expected cost savings equivalent to 12.5% of the combined bank's expense base, which is a good amount of cost savings.
Can the Columbia-Umpqua Merger work?
This deal is not completely done for. If management at the combined bank can hit its promised financial metrics, including cost savings; avoid significant deposit attrition; and find some real revenue synergies, then this bank will be better long term and likely also be able to develop superior technology.
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