Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - DA Davidson increased their FY2025 earnings estimates for shares of Columbia Banking System in a research report issued on Monday, January 27th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $2.85 per share for the year, up from their prior forecast of $2.67. The consensus estimate for Columbia Banking System's current full-year earnings is $2.74 per share.
Other research analysts have also issued research reports about the stock. UBS Group initiated coverage on shares of Columbia Banking System in a report on Tuesday, December 17th. They set a "neutral" rating and a $32.00 price target for the company. Barclays lifted their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. Truist Financial upped their price target on shares of Columbia Banking System from $28.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on Columbia Banking System from $32.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada upped their target price on Columbia Banking System from $29.00 to $31.00 and gave the company 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 MarketBeat.com, Columbia Banking System currently has an average rating of "Hold" and an average price target of $30.38.
Read Our Latest Report on COLB
Columbia Banking System Stock Performance
Shares of COLB traded down $0.13 during mid-day trading on Wednesday, reaching $27.90. 1,119,800 shares of the company were exchanged, compared to its average volume of 1,329,738. The business has a 50 day simple moving average of $28.51 and a two-hundred day simple moving average of $26.95. The stock has a market capitalization of $5.85 billion, a PE ratio of 10.98 and a beta of 0.67. Columbia Banking System has a 52 week low of $17.08 and a 52 week high of $32.85.
Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. Columbia Banking System had a net margin of 17.99% and a return on equity of 11.21%.
Columbia Banking System Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, November 29th. This represents a $1.44 annualized dividend and a yield of 5.16%. Columbia Banking System's dividend payout ratio (DPR) is currently 56.69%.
Hedge Funds Weigh In On Columbia Banking System
Several large investors have recently bought and sold shares of COLB. Bank of Montreal Can raised its holdings in shares of Columbia Banking System by 114.9% in the second quarter. Bank of Montreal Can now owns 76,298 shares of the financial services provider's stock valued at $1,520,000 after purchasing an additional 40,800 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Columbia Banking System during the 2nd quarter worth approximately $560,000. Scientech Research LLC purchased a new position in shares of Columbia Banking System in the 2nd quarter worth approximately $307,000. Creative Planning grew its holdings in shares of Columbia Banking System by 39.2% in the second quarter. Creative Planning now owns 42,063 shares of the financial services provider's stock valued at $837,000 after acquiring an additional 11,836 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Columbia Banking System by 135.8% during the second quarter. Cetera Investment Advisers now owns 111,009 shares of the financial services provider's stock valued at $2,208,000 after acquiring an additional 63,932 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors.
About Columbia Banking System
(
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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