Professional
Added to YB: 2024-04-30
Pitch date: 2024-04-05
COLB [bullish]
Columbia Banking System, Inc.
+74.3%
current return
Author Info
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Company Info
Columbia Banking System, Inc. operates as the Bank holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States.
Market Cap
$4.6B
Pitch Price
$16.78
Price Target
N/A
Dividend
6.53%
EV/EBITDA
N/A
P/E
8.65
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Rewey Asset Management Portfolio Holding: Columbia Banking System, Inc.
COLB: Unjustly neglected, cheap at 0.81x BV, 1.2x TBV, 8.2x 2024 EPS w/ 7.63% div yield on CRE fears. 15.14% Q4 ROTCE, 11.9%+ RBC ratio enables buybacks. High-quality loans: 51% CRE LTV, 0% Q4 charge-offs. Mispriced on misunderstood merger & portfolio.
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