The DividendRank formula at Dividend Channel has identified Columbia Banking System Inc (Symbol: COLB) as a top “interesting” stock. This proprietary formula ranks dividend stocks based on strong fundamentals and an appealing valuation, placing COLB in the top 10% of the coverage universe. This suggests that the stock is worth further research by investors.

What makes Columbia Banking System Inc particularly compelling at the moment is the recent dip in its share price. On Friday, shares of COLB dipped into oversold territory, trading as low as $18.10 per share. The Relative Strength Index (RSI) reading for COLB has hit 29.5, indicating an oversold condition. In contrast, the average RSI for the dividend stocks covered by Dividend Channel is 52.0. This lower stock price creates an attractive opportunity for dividend investors, as it potentially leads to a higher yield. With COLB’s annualized dividend of 1.44/share (paid quarterly), the current $19.01 share price equates to an annual yield of 7.58%.

For bullish investors, the 29.5 RSI reading on COLB could signal that the recent selling pressure is nearing exhaustion, presenting potential entry points on the buy side. Assessing COLB’s dividend history is essential for investors to gauge their bullish stance.

While dividends are not always predictable, examining the historical chart can provide insights into the likelihood of the most recent dividend continuing.

Also see:

• Institutional Holders of ACSI
• ICGE Options Chain
• Institutional Holders of HWAY

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.