Keep Your Eyes on Stock News: Columbia Banking System (NASDAQ:COLB)

Columbia Banking System (NASDAQ:COLB) stock identified change of 28.44% away from 52-week low price and recently located move of -31.75% off 52-week high price. It has market worth of $2.29B and dividend yield of 3.99%. COLB stock has been recorded -13.05% away from 50 day moving average and -22.14% away from 200 day moving average. Moving closer, we can see that shares have been trading 8.79% off 20-day moving average.

On April 9, 2020, Columbia Banking System (NASDAQ:COLB) reported that Aaron Deer has been appointed Columbia’s Executive Vice President and Chief Financial Officer, effective on or before April 30, 2020. Mr. Deer’s appointment is the result of an extensive national search following the departure of Greg Sigrist in February 2020.

Mr. Deer was most recently a Managing Director and Senior Research Analyst at Piper Sandler. As an equity analyst, he covered West Coast financial institutions for nearly 20 years with a focus on commercial banks and thrifts, financing of venture capital and private equity-backed enterprises as well as innovation among financial intermediaries. Prior to Piper Sandler, Mr. Deer provided research coverage on a variety of regional and national banks for RBC Capital Markets, and he supervised research and valuation teams for a middle-market M&A boutique. Mr. Deer began his career serving in a variety of frontline and back-office positions at community banks.

We are delighted to welcome Aaron to Columbia’s executive team, said Clint Stein, Columbia’s President and Chief Executive Officer, Aaron has earned a reputation as an industry thought leader, particularly among West Coast banks. We look forward to combining his broad industry expertise with a detailed understanding of our business as we continue to sharpen strategies for improved operating leverage and continued growth.

The Financial sector company, Columbia Banking System noticed change of 7.50% to $28.1 along volume of 548836 shares in recent session compared to an average volume of 444.46K shares. The stock observed return of 4.46% in 5 days trading activity. The stock was at 0.75% over one month performance. COLB’s shares are at -27.90% for the quarter and driving a -17.07% return over the course of the past year and is now at -30.55% since this point in 2018.

The average volatility for the week at 9.63% and for month was at 10.53%. There are 81.51M shares outstanding and 71.45M shares are floated in market. Right now the stock beta is 1.16.

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