NasdaqGS:COLB

Stock Analysis Report

Columbia Banking System

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.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


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


Market Performance


7 Day Return

3.4%

NasdaqGS:COLB

2.4%

US Banks

2.9%

US Market


1 Year Return

-19.0%

NasdaqGS:COLB

-14.8%

US Banks

0.2%

US Market

COLB underperformed the Banks industry which returned -15.3% over the past year.

COLB underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

COLBIndustryMarket
7 Day3.4%2.4%2.9%
30 Day-0.8%-6.3%-2.3%
90 Day0.09%-2.1%3.1%
1 Year-15.6%-19.0%-12.4%-14.8%2.4%0.2%
3 Year18.0%7.6%41.7%32.0%41.7%32.4%
5 Year60.4%33.1%52.2%35.7%55.1%37.9%

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 based on future cash flows and its price relative to the stock market?

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Columbia Banking System's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Columbia Banking System's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Columbia Banking System is overvalued based on earnings compared to the US Banks industry average.

Columbia Banking System is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Columbia Banking System earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Columbia Banking System is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Columbia Banking System expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

-0.05%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Columbia Banking System's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).

Columbia Banking System's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Columbia Banking System's revenue growth is positive but not above the United States of America market average.

Columbia Banking System's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Columbia Banking System's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Columbia Banking System will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

17.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Columbia Banking System's year on year earnings growth rate has been positive over the past 5 years.

Columbia Banking System's 1-year earnings growth exceeds its 5-year average (36.9% vs 17.2%)

Columbia Banking System's earnings growth has exceeded the US Banks industry average in the past year (36.9% vs 33.2%).


Return on Equity

Columbia Banking System has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Columbia Banking System used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Columbia Banking System improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

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

Information is not available.

Information is not available.


Financial Institutions Analysis

Columbia Banking System has an acceptable proportion of non-loan assets held.

Columbia Banking System has a sufficient allowance for bad loans.

Columbia Banking System's liabilities are made up of primarily low risk sources of funding.

Columbia Banking System's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Columbia Banking System are broadly funded by customer deposits.

Columbia Banking System has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.86%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Columbia Banking System's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Columbia Banking System's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Columbia Banking System's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Hadley Robbins (62yo)

2.1yrs

Tenure

US$2,401,986

Compensation

Mr. Hadley S. Robbins serves as President and Chief Executive Officer of Columbia Banking System, Inc., (“Columbia”) and Columbia State Bank since July 01, 2017. Mr. Robbins served as Interim Chief Executi ...


CEO Compensation Analysis

Hadley's remuneration is lower than average for companies of similar size in United States of America.

Hadley's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.1yrs

Average Tenure

55yo

Average Age

The tenure for the Columbia Banking System management team is about average.


Board Age and Tenure

4.9yrs

Average Tenure

61.5yo

Average Age

The tenure for the Columbia Banking System board of directors is about average.


Insider Trading

Columbia Banking System individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$4,65603 Jul 19
Clint Stein
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares143
Max PriceUS$32.56
BuyUS$8,43303 Jul 19
Kumi Baruffi
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares259
Max PriceUS$32.56
BuyUS$5,63303 Jul 19
David Lawson
EntityIndividual
Role
Head of Human Resources
Executive VP & Chief Human Resources Officer
Shares173
Max PriceUS$32.56
SellUS$122,04412 Jun 19
Andrew McDonald
EntityIndividual
Shares3,481
Max PriceUS$35.06
SellUS$25,17626 Feb 19
Clint Stein
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares657
Max PriceUS$38.32
BuyUS$2,90704 Jan 19
David Lawson
EntityIndividual
Role
Head of Human Resources
Executive VP & Chief Human Resources Officer
Shares89
Max PriceUS$32.66
BuyUS$2,15604 Jan 19
Clint Stein
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares66
Max PriceUS$32.66
BuyUS$6,85904 Jan 19
Kumi Baruffi
EntityIndividual
Role
Chief Legal Officer
Executive VP
Shares210
Max PriceUS$32.66
SellUS$117,84021 Nov 18
Andrew McDonald
EntityIndividual
Shares3,074
Max PriceUS$38.33
SellUS$75,92731 Aug 18
David Lawson
EntityIndividual
Role
Head of Human Resources
Executive VP & Chief Human Resources Officer
Shares1,813
Max PriceUS$41.89

Ownership Breakdown


Management Team

  • Hadley Robbins (62yo)

    President

    • Tenure: 2.1yrs
    • Compensation: US$2.40m
  • Lisa Dow (59yo)

    Executive VP & Chief Risk Officer

    • Tenure: 0.0yrs
  • Clint Stein (47yo)

    Executive VP & COO

    • Tenure: 2.1yrs
    • Compensation: US$1.09m
  • Dave Lawson (60yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 6.1yrs
    • Compensation: US$775.89k
  • David Devine

    Executive VP & Chief Marketing Officer

    • Tenure: 0.0yrs
  • Kumi Baruffi (48yo)

    Executive VP

    • Tenure: 4.9yrs
    • Compensation: US$760.06k
  • Brock Lakely

    Senior VP & Chief Accounting Officer

    • Tenure: 1.2yrs
  • Greg Sigrist (51yo)

    Executive VP & CFO

    • Tenure: 1.2yrs
    • Compensation: US$713.01k
  • Eric Eid

    Executive VP and Chief Innovation & Technology Officer

    • Tenure: 1.3yrs
  • Amy L. Betts

    Head of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Thomas Hulbert (72yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$151.97k
  • Hadley Robbins (62yo)

    President

    • Tenure: 2.1yrs
    • Compensation: US$2.40m
  • Ford Elsaesser (67yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$141.97k
  • Craig Eerkes (67yo)

    Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: US$169.22k
  • Michelle Lantow (57yo)

    Director

    • Tenure: 7.5yrs
    • Compensation: US$154.13k
  • Mae Numata (63yo)

    Director

    • Tenure: 7.5yrs
    • Compensation: US$141.83k
  • Betsy Seaton (58yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$139.22k
  • Mark Finkelstein (60yo)

    Director

    • Tenure: 4.9yrs
    • Compensation: US$136.97k
  • Eric Forrest (52yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$136.32k
  • Randy Lund (61yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$138.97k

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$2.545b
  • Shares outstanding: 72.94m
  • Website: https://www.columbiabank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COLBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1992

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 Analysis2019/08/21 23:35
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.