Analysts Turn Mixed On Columbia Banking System Inc. (NASDAQ:COLB), Weingarten Realty Investors (NYSE:WRI)

The shares of Columbia Banking System Inc. (NASDAQ:COLB) has been pegged with a rating of Neutral by DA Davidson in its latest research note that was published on March 18, 2019. The Financial company has also assigned a $38 price target. DA Davidson wasn’t the only research firm that published a report of Columbia Banking System Inc., with other equities research analysts also giving their opinion on the stock. Stephens advised investors in its research note published on March 07, 2019, to Equal-Weight the COLB stock while also putting a $39 price target. The stock had earned Buy rating from Sandler O’Neill Markets when it published its report on November 12, 2018. Piper Jaffray was of a view that COLB is Overweight in its latest report on July 31, 2017. Keefe Bruyette thinks that COLB is worth Mkt Perform rating.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $34.40. The price of the stock the last time has raised by 5.36% from its 52-Week high price while it is -44.01% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 33.49.

The shares of the company dipped by -5.18% during the trading session on Wednesday, reaching a low of $22.93 while ending the day at $23.05. During the trading session, a total of 818030.0 shares were traded which represents a -111.27% decline from the average session volume which is 387200.0 shares. COLB had ended its last session trading at $24.31. Columbia Banking System Inc. currently has a market cap of $1.64 billion, while its P/E ratio stands at 8.58, while its P/E earnings growth sits at 1.07, with a beta of 1.12. COLB 52-week low price stands at $21.88 while its 52-week high price is $41.17.

The company in its last quarterly report recorded $0.64 earnings per share which is above the predicted by most analysts. In the second quarter last year, the firm recorded $0.70 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 1.56%. Columbia Banking System Inc. has the potential to record 2.32 EPS for the current fiscal year, according to equities analysts.

Investment analysts at BofA/Merrill published a research note on January 06, 2020 where it informed investors and clients that Weingarten Realty Investors (NYSE:WRI) is now rated as Buy. Even though the stock has been trading at $14.42/share, analysts expect it to surge by 8.11% to reach $30.90/share. It started the day trading at $16.48 and traded between $13.00 and $15.59 throughout the trading session.

A look at its technical shows that WRI’s 50-day SMA is 26.69 while its 200-day SMA stands at 28.48. The stock has a high of $32.17 for the year while the low is $12.61. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 2.86 M shorted shares, the short percentage went higher by 1.05%, as 2.89M COLB shares were shorted. At the moment, only 1.66% of Weingarten Realty Investors shares were sold short. The company’s P/E ratio currently sits at 6.40, while the P/B ratio is 1.17. The company’s average trading volume currently stands at 1.15M shares, which means that the short-interest ratio is just 1.73 days. Over the past seven days, the company moved, with its shift of 15.82%. Looking further, the stock has dropped -49.61% over the past 90 days while it lost -45.68% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more WRI shares, increasing its portfolio by 0.95% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 168,084 shares in the last quarter, thus it now holds 17,851,811 shares of WRI, with a total valuation of $480,749,270. BlackRock Fund Advisors meanwhile bought more WRI shares in the recently filed quarter, changing its stake to $323,985,808 worth of shares.

Similarly, SSgA Funds Management, Inc. decreased its Weingarten Realty Investors shares by 9.45% during the recently filed quarter. After selling 6,095,282 shares in the last quarter, the firm now controls -636,240 shares of Weingarten Realty Investors which are valued at $164,145,944. In the same vein, JPMorgan Investment Management, I… decreased its Weingarten Realty Investors shares by during the most recent reported quarter. The firm bought 1,631,746 shares during the quarter which decreased its stakes to 6,052,427 shares and is now valued at $162,991,859. Following these latest developments, around 3.50% of Weingarten Realty Investors stocks are owned by institutional investors and hedge funds.