RY 160.91 0.3555% SHOP 116.03 -0.4718% TD 83.98 0.2148% ENB 62.82 1.4699% BN 68.81 1.6396% TRI 251.78 0.6959% CNQ 39.88 2.0732% CP 103.16 1.9771% CNR 137.31 0.483% BMO 129.32 0.4661% BNS 65.69 0.551% CSU 4682.54 -0.7613% CM 81.6 0.1473% MFC 39.65 -0.0252% ATD 71.3 1.3072% NGT 76.22 -1.6643% TRP 68.46 0.9586% SU 47.8 2.006% WCN 273.36 0.3156% L 213.68 0.1594%

mid-cap

One NASDAQ: Listed Banking Stock at Resistance Level: Columbia Banking System Inc

Nov 12, 2024 | Team Kalkine
One NASDAQ: Listed Banking Stock at Resistance Level: Columbia Banking System Inc
Image source: shutterstock

COLB:NASDAQ
Investment Type
Mid - Cap
Risk Level
Action
Rec. Price (US$)

Columbia Banking System Inc

Company Overview: Columbia Banking System, Inc. (NASDAQ: COLB) is the bank holding company for Umpqua Bank (the Bank). Through the Bank, the Company provides a broad range of banking, private banking, mortgage, and other financial services to corporate, institutional, small business, and individual customers. The bank offers specialized loans for corporate, middle market, and small business customers, including commercial lines of credit and term loans, and others.

As per our previous US Inflation Report published on ‘COLB’ on 25th October 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 27.98 based on strong fundamentals, decent credit quality, solid capital position, associated risks, positive outlook, and current valuation and the stock price has now moved by ~12.58% since then and attained resistance 1.

Noted below are the details of support and resistance levels provided in our previous report:

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