Columbia Banking System Stock Hits New 52-Week Low (COLB)

NEW YORK ( TheStreet) -- Columbia Banking System (Nasdaq: COLB) hit a new 52-week low Friday as it is currently trading at $14.48, below its previous 52-week low of $14.53 with 119,332 shares traded as of 2:21 p.m. ET. Average volume has been 243,200 shares over the past 30 days.

Columbia Banking System has a market cap of $623.7 million and is part of the financial sector and banking industry. Shares are down 29.3% year to date as of the close of trading on Thursday.

Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank, which provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in the states of Washington and Oregon. The company has a P/E ratio of 21.3, above the average banking industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7.
  • Practice your COLB trading strategies and win cash in our stock game.

TheStreet Ratings rates Columbia Banking System as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Columbia Banking System Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Canopy Growth Lets Down Eager Pot Investors; PayPal Keeps Dominating -- ICYMI

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Dow, S&P 500 and Nasdaq Tumble After Trump Calls Off North Korea Summit

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers

Automakers Slump as Trump Tariffs Threaten Both Manufacturers and Consumers