What is DA Davidson's Forecast for COLB Q2 Earnings?

Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 earnings per share estimates for shares of Columbia Banking System in a report released on Friday, April 25th. DA Davidson analyst J. Rulis anticipates that the financial services provider will earn $0.65 per share for the quarter. DA Davidson has a "Neutral" rating and a $25.00 price target on the stock. The consensus estimate for Columbia Banking System's current full-year earnings is $2.71 per share. DA Davidson also issued estimates for Columbia Banking System's FY2025 earnings at $2.60 EPS and FY2026 earnings at $3.10 EPS.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. The company had revenue of $481.92 million during the quarter, compared to analysts' expectations of $482.86 million. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share.

A number of other analysts have also issued reports on the company. Wells Fargo & Company increased their target price on Columbia Banking System from $26.00 to $29.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Barclays increased their price objective on Columbia Banking System from $27.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Citigroup cut their target price on Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Piper Sandler cut their target price on Columbia Banking System from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on Columbia Banking System from $33.00 to $30.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Columbia Banking System currently has a consensus rating of "Hold" and a consensus target price of $29.85.

Columbia Banking System Stock Up 2.2 %

Shares of COLB stock traded up $0.50 during trading hours on Monday, reaching $22.92. 818,332 shares of the stock traded hands, compared to its average volume of 1,678,749. The business has a fifty day moving average price of $23.79 and a 200 day moving average price of $26.93. Columbia Banking System has a 1-year low of $18.11 and a 1-year high of $32.85. The firm has a market capitalization of $4.82 billion, a PE ratio of 9.02 and a beta of 0.53.

Columbia Banking System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend was Friday, February 28th. Columbia Banking System's payout ratio is presently 61.02%.

Insider Activity

In related news, VP Torran B. Nixon sold 4,481 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $25.99, for a total transaction of $116,461.19. Following the transaction, the vice president now directly owns 104,869 shares of the company's stock, valued at approximately $2,725,545.31. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company's stock.

Hedge Funds Weigh In On Columbia Banking System

A number of hedge funds have recently bought and sold shares of COLB. Sanctuary Advisors LLC acquired a new stake in shares of Columbia Banking System in the 3rd quarter valued at approximately $288,000. Tidal Investments LLC boosted its stake in shares of Columbia Banking System by 1.1% in the 3rd quarter. Tidal Investments LLC now owns 43,184 shares of the financial services provider's stock valued at $1,128,000 after purchasing an additional 464 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Columbia Banking System by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 716,673 shares of the financial services provider's stock valued at $18,712,000 after purchasing an additional 97,498 shares in the last quarter. Nordea Investment Management AB boosted its position in Columbia Banking System by 82.0% during the 4th quarter. Nordea Investment Management AB now owns 391,286 shares of the financial services provider's stock worth $10,592,000 after buying an additional 176,334 shares during the period. Finally, Range Financial Group LLC acquired a new stake in Columbia Banking System during the 4th quarter worth approximately $1,866,000. 92.53% of the stock is owned by institutional investors.

About Columbia Banking System

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.