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Columbia Banking System

Market Cap

US$3.1b

Last Updated

2021/05/09 22:34 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Columbia Banking System's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: COLB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: COLB's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

1.8%

COLB

4.1%

US Banks

0.2%

US Market


1 Year Return

83.4%

COLB

78.4%

US Banks

49.9%

US Market

Return vs Industry: COLB exceeded the US Banks industry which returned 78.4% over the past year.

Return vs Market: COLB exceeded the US Market which returned 49.9% over the past year.


Shareholder returns

COLBIndustryMarket
7 Day1.8%4.1%0.2%
30 Day0.02%5.8%1.5%
90 Day2.9%21.5%3.3%
1 Year90.8%83.4%83.9%78.4%52.4%49.9%
3 Year17.8%5.9%28.8%17.9%63.7%53.4%
5 Year86.4%58.2%120.0%92.3%130.6%104.9%

Long-Term Price Volatility Vs. Market

How volatile is Columbia Banking System's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Columbia Banking System undervalued compared to its fair value and its price relative to the market?

18.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COLB ($44.3) is trading below our estimate of fair value ($54.16)

Significantly Below Fair Value: COLB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: COLB is poor value based on its PE Ratio (20.4x) compared to the US Banks industry average (12x).

PE vs Market: COLB is poor value based on its PE Ratio (20.4x) compared to the US market (20.2x).


Price to Earnings Growth Ratio

PEG Ratio: COLB is poor value based on its PEG Ratio (4.6x)


Price to Book Ratio

PB vs Industry: COLB is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).


Future Growth

How is Columbia Banking System forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

4.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLB's forecast earnings growth (4.5% per year) is above the savings rate (2%).

Earnings vs Market: COLB's earnings (4.5% per year) are forecast to grow slower than the US market (15.1% per year).

High Growth Earnings: COLB's earnings are forecast to grow, but not significantly.

Revenue vs Market: COLB's revenue is expected to decline over the next 3 years (-1.5% per year).

High Growth Revenue: COLB's revenue is forecast to decline over the next 3 years (-1.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: COLB's Return on Equity is forecast to be low in 3 years time (7.9%).


Past Performance

How has Columbia Banking System performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COLB has high quality earnings.

Growing Profit Margin: COLB's current net profit margins (26.8%) are lower than last year (35.4%).


Past Earnings Growth Analysis

Earnings Trend: COLB's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: COLB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: COLB had negative earnings growth (-20.3%) over the past year, making it difficult to compare to the Banks industry average (17.6%).


Return on Equity

High ROE: COLB's Return on Equity (8.4%) is considered low.


Financial Health

How is Columbia Banking System's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: COLB's Assets to Equity ratio (7.6x) is low.

Allowance for Bad Loans: COLB has a sufficient allowance for bad loans (442%).

Low Risk Liabilities: 98% of COLB's liabilities are made up of primarily low risk sources of funding.

Loan Level: COLB has an appropriate level of Loans to Assets ratio (55%).

Low Risk Deposits: COLB's Loans to Deposits ratio (65%) is appropriate.

Level of Bad Loans: COLB has an appropriate level of bad loans (0.3%).


Dividend

What is Columbia Banking System current dividend yield, its reliability and sustainability?

2.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COLB's dividend (2.53%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: COLB's dividend (2.53%) is low compared to the top 25% of dividend payers in the US market (3.4%).


Stability and Growth of Payments

Stable Dividend: COLB's dividend payments have been volatile in the past 10 years.

Growing Dividend: COLB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.7%), COLB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COLB's dividends in 3 years are forecast to be well covered by earnings (45.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

Clint Stein (48 yo)

1.33yrs

Tenure

US$3,574,309

Compensation

Mr. Clint E. Stein has been President, Chief Executive Officer and Director at Columbia Banking System, Inc and its subsidiary Columbia Bank since January 1, 2020. Since August 2017 until January 1, 2020, ...


CEO Compensation Analysis

Compensation vs Market: Clint's total compensation ($USD3.57M) is below average for companies of similar size in the US market ($USD5.37M).

Compensation vs Earnings: Clint's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: COLB's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: COLB's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: COLB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Columbia Banking System, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Columbia Banking System, Inc.
  • Ticker: COLB
  • Exchange: NasdaqGS
  • Founded: 1993
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.140b
  • Shares outstanding: 70.87m
  • Website: https://www.columbiabank.com

Number of Employees


Location

  • Columbia Banking System, Inc.
  • 1301 A Street
  • Tacoma
  • Washington
  • 98402-2156
  • United States

Listings


Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/09 22:34
End of Day Share Price2021/05/07 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.