DA Davidson Issues Pessimistic Estimate for COLB Earnings

Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) - Stock analysts at DA Davidson lowered their FY2026 earnings per share estimates for Columbia Banking System in a research note issued to investors on Wednesday, June 11th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $3.00 for the year, down from their previous forecast of $3.10. 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.

COLB has been the topic of several other research reports. Barclays raised 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. Keefe, Bruyette & Woods reduced their target price on 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. Royal Bank of Canada reduced their target price on Columbia Banking System from $32.00 to $27.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Raymond James set a $27.00 target price on Columbia Banking System and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen began coverage on Columbia Banking System in a research note on Thursday, May 22nd. They set a "hold" rating on the stock. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $29.71.

Columbia Banking System Stock Down 0.0%

Shares of COLB stock traded down $0.01 during mid-day trading on Friday, hitting $22.59. 1,983,130 shares of the company's stock were exchanged, compared to its average volume of 1,781,472. Columbia Banking System has a fifty-two week low of $18.22 and a fifty-two week high of $32.85. The stock has a 50-day simple moving average of $23.30 and a two-hundred day simple moving average of $25.58. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 8.89 and a beta of 0.63.

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 (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.04. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. The business had revenue of $481.92 million for the quarter, compared to analysts' expectations of $482.86 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business's revenue was up 3.7% on a year-over-year basis.

Institutional Trading of Columbia Banking System

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Columbia Banking System by 221.3% in the first quarter. JPMorgan Chase & Co. now owns 5,947,950 shares of the financial services provider's stock valued at $148,342,000 after buying an additional 4,096,733 shares during the last quarter. Norges Bank bought a new stake in Columbia Banking System in the fourth quarter valued at about $65,249,000. Dimensional Fund Advisors LP increased its holdings in Columbia Banking System by 18.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,527,612 shares of the financial services provider's stock valued at $162,791,000 after buying an additional 1,012,796 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Columbia Banking System in the fourth quarter valued at about $22,476,000. Finally, MetLife Investment Management LLC increased its holdings in Columbia Banking System by 528.4% in the first quarter. MetLife Investment Management LLC now owns 742,107 shares of the financial services provider's stock valued at $18,508,000 after buying an additional 624,011 shares during the last quarter. 92.53% of the stock is owned by hedge funds and other institutional investors.

Columbia Banking System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend is Friday, May 30th. Columbia Banking System's payout ratio 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.