DA Davidson Issues Pessimistic Estimate for COLB Earnings

Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings estimates for Columbia Banking System in a research note issued to investors on Friday, June 27th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.59 per share for the year, down from their previous forecast of $2.60. DA Davidson has a "Neutral" rating and a $26.00 price objective on the stock. The consensus estimate for Columbia Banking System's current full-year earnings is $2.71 per share.

COLB has been the subject of a number of other reports. Royal Bank Of Canada reduced their target price on shares of Columbia Banking System from $32.00 to $27.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company upped their price objective on Columbia Banking System from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Jefferies Financial Group initiated coverage on Columbia Banking System in a research report on Wednesday, May 21st. They set a "hold" rating and a $27.00 price objective for the company. Wall Street Zen started coverage on Columbia Banking System in a report on Thursday, May 22nd. They issued a "hold" rating on the stock. Finally, Piper Sandler decreased their price target on Columbia Banking System from $32.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Columbia Banking System has a consensus rating of "Hold" and a consensus price target of $29.29.

Columbia Banking System Trading Up 1.5%

COLB stock traded up $0.38 on Monday, hitting $25.45. The company's stock had a trading volume of 2,244,870 shares, compared to its average volume of 1,817,286. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 10.78 and a beta of 0.62. The firm has a 50 day moving average of $23.58 and a two-hundred day moving average of $25.07. Columbia Banking System has a 1 year low of $19.08 and a 1 year high of $32.85.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.04. The business had revenue of $481.92 million during the quarter, compared to the consensus estimate of $482.86 million. Columbia Banking System had a return on equity of 11.12% and a net margin of 16.85%. The company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share.

Columbia Banking System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend was Friday, May 30th. Columbia Banking System's dividend payout ratio (DPR) is 61.02%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its stake in shares of Columbia Banking System by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 24,552 shares of the financial services provider's stock worth $612,000 after acquiring an additional 660 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Columbia Banking System by 3.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 40,952 shares of the financial services provider's stock worth $1,021,000 after purchasing an additional 1,548 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Columbia Banking System by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,774,443 shares of the financial services provider's stock valued at $47,928,000 after purchasing an additional 42,527 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Columbia Banking System by 126.8% in the first quarter. QRG Capital Management Inc. now owns 21,959 shares of the financial services provider's stock valued at $548,000 after buying an additional 12,275 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Columbia Banking System by 158.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,851,217 shares of the financial services provider's stock worth $50,001,000 after buying an additional 1,134,544 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

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.