Added to YB: 2024-04-05
Pitch date: 2024-04-04
COLB [bullish]
Columbia Banking System, Inc.
+77.07%
current return
Author Info
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Company Info
Columbia Banking System, Inc. operates as the Bank holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States.
Market Cap
$4.6B
Pitch Price
$16.47
Price Target
25.00 (-15%)
Dividend
6.53%
EV/EBITDA
N/A
P/E
8.65
EV/Sales
N/A
Sector
Banks
Category
value
COLB: Long Columbia Banking System Inc.
COLB: Punished by market on Q4 miss, creating buy opp. One-time expenses (merger costs, FDIC fees) drove 44% EPS miss despite rev growth. Trades at historic low 2.3x P/S (peers 5.1x), 11.6x P/E. Mgmt buying heavily post-drop. CEO Clint last buy preceded 100% rally. $25 PT for 30%+ near-term upside.
Read full article (5 min)