The Mysterious Tale of "America's No. 1 Retirement Stock"
This factory of 53,000 employees, in Burbank, CA, was camouflaged to look like a sleepy suburb (with the help of artists, set designers, and painters from nearby Hollywood movie studios). The mysterious company behind this disappearing act is now being called "America's No. 1 Retirement Stock".
| Open | 19.75 | Prev Close | 19.83 |
| High | 19.94 | Low | 19.65 |
| Volume | 2,639,634 | Volume (Avg) | 2,035,428 |
| 52 Week High | 50.68 | 52 Week Low | 18.61 |
| Market Cap | 3.4B | PE Ratio | 8.53 |
General
| Name | Columbia Banking System, Inc |
| Ticker | COLB |
| Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Banks-Regional |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 2,091 |
About Columbia Banking System, Inc
Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including non-interest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder and other commercial real estate loans, as well as loans guaranteed by the small business administration; debit and credit cards; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer; insurance solutions, which include long-term care, and life and disability insurance; individual retirement solutions comprising retirement planning, retirement income strategies, and traditional and roth individual retirement accounts; and business solutions, which comprise business retirement plans, key person insurance, business succession planning, and deferred compensation plans to individuals, families, and professional businesses. Further, the company provides fiduciary, investment, and administrative trust services, such as personal and special needs trusts, estate settlement services, and investment agency and charitable management services. As of December 31, 2020, it operated approximately 145 branches. The company was founded in 1993 and is headquartered in Tacoma, Washington.
Highlights
| Analyst Target | 43.20 |
| Market Cap | 3,433,379,328 |
| PE Ratio | 8.53 |
| PEG Ratio | 2.26 |
Valuation
| Trailing PE | 22.12 |
| Forward PE | 21.46 |
| Price/Sales (Trailing 12 Mt.) | 5.79 |
| Price/Book (Most Recent Quarter) | 1.51 |
Technicals
| Beta | 0.95 |
| 52 Week High | 50.68 |
| 52 Week Low | 18.61 |
| 50 Day Average | 44.72 |
| 200 Day Average | 34.70 |
Dividend
Columbia Banking System, Inc pays out a dividend of $1.12 per share, with a dividend yield of 6.87%.
COLB's last dividend payment was made to shareholders on February 24, 2021.
They pay out 56.55% of their earnings out as a dividend.
Recent Dividends
| Jun 10, 2024 | $0.36 |
| Mar 11, 2024 | $0.36 |
| Dec 11, 2023 | $0.36 |
| Sep 11, 2023 | $0.36 |
| Jun 15, 2023 | $0.36 |
| Feb 21, 2023 | $0.30 |
| Oct 28, 2022 | $0.30 |
| Aug 17, 2022 | $0.30 |
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