DA Davidson Issues Optimistic Estimate for COLB Earnings

Columbia Banking System, Inc. (NASDAQ:COLB) – Stock analysts at DA Davidson boosted their FY2025 earnings estimates for Columbia Banking System in a research note issued on Monday, January 27th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $2.85 for the year, up from their previous estimate of $2.67. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.66 per share.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%.

A number of other analysts have also commented on COLB. Wedbush raised their price target on Columbia Banking System from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stephens lowered their price objective on Columbia Banking System from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday. StockNews.com raised Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Barclays raised their price objective on Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada lifted their price target on Columbia Banking System from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Columbia Banking System presently has a consensus rating of “Hold” and a consensus price target of $30.38.

Columbia Banking System Stock Up 1.4 %

Shares of COLB stock opened at $28.03 on Wednesday. The stock has a fifty day moving average of $28.59 and a 200 day moving average of $26.89. Columbia Banking System has a 52 week low of $17.08 and a 52 week high of $32.85. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 12.13 and a beta of 0.67.

Columbia Banking System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Friday, November 29th. Columbia Banking System’s dividend payout ratio is currently 56.69%.

Hedge Funds Weigh In On Columbia Banking System

Several large investors have recently modified their holdings of COLB. Wellington Management Group LLP increased its position in shares of Columbia Banking System by 31.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,659,255 shares of the financial services provider’s stock valued at $173,873,000 after purchasing an additional 1,611,563 shares during the last quarter. Basswood Capital Management L.L.C. bought a new position in Columbia Banking System in the 3rd quarter valued at $26,593,000. Holocene Advisors LP grew its position in Columbia Banking System by 1,001.8% in the 3rd quarter. Holocene Advisors LP now owns 962,330 shares of the financial services provider’s stock valued at $25,126,000 after acquiring an additional 874,986 shares during the last quarter. Janus Henderson Group PLC grew its position in Columbia Banking System by 33.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,263,432 shares of the financial services provider’s stock valued at $59,099,000 after acquiring an additional 562,467 shares during the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in Columbia Banking System by 98.6% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 944,332 shares of the financial services provider’s stock valued at $24,657,000 after acquiring an additional 468,832 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

Columbia Banking System Company Profile

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.