Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - Equities research analysts at DA Davidson reduced their FY2025 earnings per share estimates for Columbia Banking System in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $2.67 for the year, down from their prior estimate of $2.70. The consensus estimate for Columbia Banking System's current full-year earnings is $2.63 per share.
Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The firm had revenue of $765.06 million during the quarter, compared to analyst estimates of $478.80 million. Columbia Banking System had a return on equity of 10.13% and a net margin of 16.15%. During the same period last year, the firm posted $0.79 EPS.
Other research analysts also recently issued reports about the stock. Wedbush increased their target price on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Columbia Banking System from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. UBS Group began coverage on Columbia Banking System in a research report on Tuesday, December 17th. They set a "neutral" rating and a $32.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on Columbia Banking System from $30.00 to $34.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, StockNews.com raised shares of Columbia Banking System from a "sell" rating to a "hold" rating in a report on Saturday, October 5th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.00.
Read Our Latest Report on Columbia Banking System
Columbia Banking System Stock Down 0.4 %
NASDAQ COLB traded down $0.11 during trading hours on Monday, reaching $27.08. 1,338,475 shares of the company were exchanged, compared to its average volume of 2,192,802. The stock has a market capitalization of $5.67 billion, a P/E ratio of 11.72 and a beta of 0.64. Columbia Banking System has a 1 year low of $17.08 and a 1 year high of $32.85. The business's 50 day simple moving average is $29.45 and its 200-day simple moving average is $25.30.
Columbia Banking System Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 5.32%. Columbia Banking System's payout ratio is currently 62.34%.
Institutional Investors Weigh In On Columbia Banking System
Institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management bought a new position in Columbia Banking System in the 2nd quarter worth about $33,000. Allspring Global Investments Holdings LLC raised its stake in Columbia Banking System by 111.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,618 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 1,380 shares in the last quarter. GAMMA Investing LLC raised its stake in Columbia Banking System by 54.9% in the third quarter. GAMMA Investing LLC now owns 3,640 shares of the financial services provider's stock valued at $95,000 after purchasing an additional 1,290 shares in the last quarter. Signaturefd LLC lifted its position in Columbia Banking System by 44.1% during the second quarter. Signaturefd LLC now owns 5,058 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,548 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Columbia Banking System by 1,507.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,855 shares of the financial services provider's stock worth $127,000 after buying an additional 4,553 shares in the last quarter. Hedge funds and other institutional investors own 92.53% of the company's stock.
Columbia Banking System Company Profile
(
Get Free Report)
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.
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