Columbia Banking System (COLB) : Tuesdays money flow analysis of Columbia Banking System (COLB) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $2.54 million. In comparison, the inflow of money on upticks was a meager $0.79 million. The dollar value of composite uptick trades minus the downtick trades was negative $1.75 million. The uptick to downtick ratio of 0.31 in the money flow shows weakness. The downtick transaction value was high at $1.59 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($1.59 million). Columbia Banking System (COLB) gained $0.01 at $33.05, a change of 0.03% over the previous days close.
Also, In the latest statement by the brokerage house, Keefe Bruyette & Woods downgrades its outlook on Columbia Banking System (NASDAQ:COLB). The current rating of the shares is Market Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on July 29, 2016.
Shares of Columbia Banking System Inc. rose by 2.88% in the last five trading days and 11.57% for the last 4 weeks. Columbia Banking System Inc. is up 11.02% in the last 3-month period. Year-to-Date the stock performance stands at 6.41%.
Columbia Banking System (NASDAQ:COLB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.02 and $32.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.27, notching a gain of 0.70% for the day. The total traded volume was 210,851 . The stock had closed at $33.04 on the previous day.
Columbia Banking System, Inc. is a bank holding company of Columbia State Bank (the Bank). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. As of December 31, 2014, Columbia Bank had 154 branch locations in Washington, Oregon and Idaho. Columbia Bank is a Washington state-chartered commercial bank, the deposits of which are insured in whole or in part by the Federal Deposit Insurance Corporation (FDIC). As of December 31, 2014, the Company operates 78 branches in 21 counties in the state of Washington, 60 branches in 16 counties in Oregon and 16 branches in 10 counties in Idaho. The Companys products and services include personal banking, business banking and wealth management.