DA Davidson Issues Negative Estimate for COLB Earnings

Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - Equities researchers at DA Davidson cut their Q2 2025 EPS estimates for Columbia Banking System in a research note issued to investors on Wednesday, June 11th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.65. 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.

Other equities research analysts have also issued research reports about the stock. Barclays upped their target price on shares of Columbia Banking System from $27.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Wall Street Zen began coverage on shares of Columbia Banking System in a report on Thursday, May 22nd. They issued a "hold" rating on the stock. Piper Sandler lowered their target price on shares of Columbia Banking System from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Raymond James set a $27.00 target price on shares of Columbia Banking System and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Columbia Banking System from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Columbia Banking System has an average rating of "Hold" and a consensus target price of $29.71.

Columbia Banking System Stock Down 3.3%

COLB traded down $0.78 during trading on Thursday, reaching $22.60. 2,616,973 shares of the company's stock were exchanged, compared to its average volume of 1,780,662. Columbia Banking System has a fifty-two week low of $18.22 and a fifty-two week high of $32.85. The business has a 50 day moving average price of $23.27 and a 200 day moving average price of $25.64. The company has a market capitalization of $4.75 billion, a P/E ratio of 8.90 and a beta of 0.63.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in Columbia Banking System during the 1st quarter valued at about $1,720,000. Geneos Wealth Management Inc. lifted its position in Columbia Banking System by 194.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 794 shares during the period. Focus Partners Wealth lifted its position in Columbia Banking System by 55.8% during the 1st quarter. Focus Partners Wealth now owns 12,621 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 4,520 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Columbia Banking System by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 887,267 shares of the financial services provider's stock valued at $22,128,000 after purchasing an additional 16,165 shares during the period. Finally, Caxton Associates LLP acquired a new position in Columbia Banking System during the 1st quarter valued at about $1,150,000. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Columbia Banking System Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 annualized dividend and a yield of 6.37%. Columbia Banking System's dividend payout ratio (DPR) is 61.02%.

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.