DA Davidson Has Optimistic Outlook of COLB FY2025 Earnings

Key Points

• DA Davidson has increased its FY2025 earnings per share (EPS) estimate for Columbia Banking System from $2.59 to $2.85, maintaining a "Neutral" rating and a price target of $26.00.
• Columbia Banking System reported $0.76 EPS for the last quarter, exceeding analysts' expectations of $0.66, with year-over-year revenue growth of 8.2%.
• The company's recent quarterly dividend was $0.36, representing an annualized yield of 5.91% and a payout ratio of 57.14%.

Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - Research analysts at DA Davidson upped their FY2025 earnings per share estimates for Columbia Banking System in a research note issued on Monday, July 28th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will earn $2.85 per share for the year, up from their prior estimate of $2.59. DA Davidson currently has a "Neutral" rating and a $26.00 target price 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 FY2026 earnings at $3.10 EPS.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group initiated coverage on Columbia Banking System in a research note on Wednesday, May 21st. They issued a "hold" rating and a $27.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Columbia Banking System from $26.50 to $24.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen initiated coverage on Columbia Banking System in a research note on Thursday, May 22nd. They issued a "hold" rating on the stock. Citigroup reaffirmed a "neutral" rating and issued a $26.00 price objective (up previously from $22.00) on shares of Columbia Banking System in a research note on Monday, July 28th. Finally, Royal Bank Of Canada decreased their price objective on Columbia Banking System from $32.00 to $27.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Columbia Banking System currently has a consensus rating of "Hold" and an average target price of $28.93.

Columbia Banking System Trading Down 2.3%

COLB stock traded down $0.54 during trading on Wednesday, reaching $23.26. The stock had a trading volume of 2,005,846 shares, compared to its average volume of 2,560,688. The stock's 50 day moving average is $23.83 and its two-hundred day moving average is $24.62. Columbia Banking System has a 52 week low of $19.61 and a 52 week high of $32.85. The firm has a market cap of $4.89 billion, a PE ratio of 9.23 and a beta of 0.62.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.10. Columbia Banking System had a return on equity of 11.31% and a net margin of 17.98%. The company had revenue of $511.55 million for the quarter, compared to the consensus estimate of $492.00 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. Columbia Banking System's revenue was up 8.2% on a year-over-year basis.

Hedge Funds Weigh In On Columbia Banking System

Hedge funds have recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its position in shares of Columbia Banking System by 2.0% during the second quarter. Verdence Capital Advisors LLC now owns 20,714 shares of the financial services provider's stock worth $484,000 after buying an additional 403 shares during the period. State of Michigan Retirement System boosted its position in shares of Columbia Banking System by 1.0% during the first quarter. State of Michigan Retirement System now owns 50,141 shares of the financial services provider's stock worth $1,251,000 after buying an additional 500 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Columbia Banking System by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 58,700 shares of the financial services provider's stock worth $1,464,000 after buying an additional 500 shares during the period. Xponance Inc. raised its stake in shares of Columbia Banking System by 2.2% in the first quarter. Xponance Inc. now owns 24,313 shares of the financial services provider's stock valued at $606,000 after acquiring an additional 517 shares in the last quarter. Finally, Mengis Capital Management Inc. boosted its holdings in Columbia Banking System by 1.1% in the second quarter. Mengis Capital Management Inc. now owns 50,511 shares of the financial services provider's stock valued at $1,181,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 92.53% of the company's stock.

Columbia Banking System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.2%. Columbia Banking System's dividend payout ratio is presently 57.14%.

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.