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NASDAQ:COLB

Columbia Banking System - COLB Stock Forecast, Price & News

$30.35
+0.20 (+0.66%)
(As of 08/8/2022 12:16 PM ET)
Add
Compare
Today's Range
$30.26
$30.54
50-Day Range
$27.30
$31.27
52-Week Range
$26.97
$40.78
Volume
8,629 shs
Average Volume
873,498 shs
Market Capitalization
$2.39 billion
P/E Ratio
10.92
Dividend Yield
3.98%
Price Target
$34.80

Columbia Banking System MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
14.2% Upside
$34.80 Price Target
Short Interest
Bearish
14.84% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$74,593 Bought Last Quarter
Proj. Earnings Growth
28.78%
From $2.71 to $3.49 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.76 out of 5 stars

Finance Sector

303rd out of 1,207 stocks

State Commercial Banks Industry

52nd out of 217 stocks

COLB stock logo

About Columbia Banking System (NASDAQ:COLB) Stock

Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in the United States. It offers personal banking products and services, including noninterest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder, and other commercial real estate loans, as well as loans guaranteed by the small business administration; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer; long-term care, and life and disability insurance solutions; individual retirement solutions comprising retirement planning, retirement income strategies, and traditional and Roth individual retirement accounts; and business solutions, which comprise business retirement plans, key person insurance, business succession planning, and deferred compensation plans to individuals, families, and professional businesses. Further, the company provides fiduciary, investment, and administrative trust services, such as personal and special needs trusts, estate settlement, and investment agency and charitable management. It operates a network of 153 branch locations, including 68 in the state of Washington, 59 in Oregon, 15 in Idaho, and 11 in California. The company was founded in 1993 and is headquartered in Tacoma, Washington.

Columbia Banking System Trading Up 2.1 %

Shares of NASDAQ:COLB opened at $30.15 on Monday. The firm has a market capitalization of $2.37 billion, a PE ratio of 10.85 and a beta of 0.67. Columbia Banking System has a 1 year low of $26.97 and a 1 year high of $40.78. The firm's 50-day moving average is $29.29 and its 200-day moving average is $31.46.

Columbia Banking System (NASDAQ:COLB - Get Rating) last issued its earnings results on Thursday, July 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.02). Columbia Banking System had a net margin of 31.28% and a return on equity of 9.68%. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, equities research analysts anticipate that Columbia Banking System will post 2.71 earnings per share for the current fiscal year.

Columbia Banking System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Wednesday, August 3rd will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.98%. The ex-dividend date is Tuesday, August 2nd. Columbia Banking System's payout ratio is 43.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COLB shares. Royal Bank of Canada increased their price objective on shares of Columbia Banking System from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Friday, April 22nd. Raymond James decreased their price objective on shares of Columbia Banking System from $38.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, July 7th. Finally, Piper Sandler decreased their price objective on shares of Columbia Banking System from $35.00 to $31.00 in a report on Monday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $34.80.

Insider Buying and Selling

In other news, Director Craig D. Eerkes acquired 1,694 shares of Columbia Banking System stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average price of $28.52 per share, with a total value of $48,312.88. Following the purchase, the director now directly owns 20,227 shares of the company's stock, valued at $576,874.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought 2,713 shares of company stock valued at $74,593 in the last 90 days. 0.62% of the stock is owned by insiders.

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COLB Stock News Headlines

Columbia Banking (COLB) Beats Q2 Earnings Estimates
What 4 Analyst Ratings Have To Say About Columbia Banking System
Columbia Banking System: Dividend Insights
Columbia Banking System Tops Q1 EPS by 6c
See More Headlines
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COLB Company Calendar

Ex-Dividend for 5/18 Dividend
5/03/2022
Dividend Payable
5/18/2022
Last Earnings
7/21/2022
Ex-Dividend for 8/17 Dividend
8/02/2022
Today
8/08/2022
Dividend Payable
8/17/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:COLB
CUSIP
19723610
Employees
2,260
Year Founded
1993

Price Target and Rating

Average Stock Price Forecast
$34.80
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$31.00
Forecasted Upside/Downside
+14.7%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$202.82 million
Pretax Margin
39.88%

Debt

Sales & Book Value

Annual Sales
$630.16 million
Cash Flow
$3.04 per share
Book Value
$32.97 per share

Miscellaneous

Free Float
78,161,000
Market Cap
$2.39 billion
Optionable
Optionable
Beta
0.67

Social Links


Key Executives

  • Mr. Clint E. Stein (Age 50)
    Pres, CEO & Director
    Comp: $2.03M
  • Mr. Aaron James Deer (Age 53)
    Exec. VP & CFO
    Comp: $737.59k
  • Mr. Christopher M. Merrywell (Age 56)
    COO & Exec. VP
    Comp: $936.16k
  • Mr. Eric J. Eid (Age 65)
    Exec. VP and Chief Digital & Technology Officer
    Comp: $659.72k
  • Mr. Andrew L. McDonald (Age 62)
    Exec. VP & Chief Credit Officer
    Comp: $714.55k
  • Mr. Brock M. Lakely
    Sr. VP & Chief Accounting Officer
  • Jason Hester
    Sr. VP and Chief Innovation & Information Officer
  • Amy L. N. Betts
    Head of Investor Relations
  • Ms. Kumi Yamamoto Baruffi (Age 51)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. David Moore Devine (Age 44)
    Exec. VP and Chief Marketing & Experience Officer













COLB Stock - Frequently Asked Questions

Should I buy or sell Columbia Banking System stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Columbia Banking System stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COLB, but not buy additional shares or sell existing shares.
View analyst ratings for Columbia Banking System
or view top-rated stocks.

What is Columbia Banking System's stock price forecast for 2022?

5 Wall Street research analysts have issued 1 year price targets for Columbia Banking System's shares. Their COLB stock forecasts range from $31.00 to $41.00. On average, they predict Columbia Banking System's share price to reach $34.80 in the next twelve months. This suggests a possible upside of 15.4% from the stock's current price.
View analysts' price targets for Columbia Banking System
or view top-rated stocks among Wall Street analysts.

How has Columbia Banking System's stock price performed in 2022?

Columbia Banking System's stock was trading at $32.72 at the beginning of 2022. Since then, COLB stock has decreased by 7.9% and is now trading at $30.15.
View the best growth stocks for 2022 here
.

When is Columbia Banking System's next earnings date?

Columbia Banking System is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Columbia Banking System
.

How were Columbia Banking System's earnings last quarter?

Columbia Banking System, Inc. (NASDAQ:COLB) posted its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.77 by $0.02. Columbia Banking System had a net margin of 31.28% and a trailing twelve-month return on equity of 9.68%. During the same quarter in the prior year, the firm posted $0.77 earnings per share.

How often does Columbia Banking System pay dividends? What is the dividend yield for Columbia Banking System?

Columbia Banking System announced a quarterly dividend on Friday, July 22nd. Shareholders of record on Wednesday, August 3rd will be paid a dividend of $0.30 per share on Wednesday, August 17th. This represents a $1.20 annualized dividend and a yield of 3.98%. The ex-dividend date is Tuesday, August 2nd.
View Columbia Banking System's dividend history
.

Is Columbia Banking System a good dividend stock?

Columbia Banking System(NASDAQ:COLB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.98%. COLB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Columbia Banking System is 43.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Columbia Banking System will have a dividend payout ratio of 34.38% next year. This indicates that Columbia Banking System will be able to sustain or increase its dividend.
View Columbia Banking System's dividend history.

What is Clint E. Stein's approval rating as Columbia Banking System's CEO?

9 employees have rated Columbia Banking System CEO Clint E. Stein on Glassdoor.com. Clint E. Stein has an approval rating of 54% among Columbia Banking System's employees. This puts Clint E. Stein in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Columbia Banking System own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbia Banking System investors own include Heritage Financial (HFWA), Chevron (CVX), Marathon Petroleum (MPC), Enbridge (ENB), Farmers & Merchants Bancorp (FMAO), Altria Group (MO), Umpqua (UMPQ), Wells Fargo & Company (WFC), Weyerhaeuser (WY) and Exxon Mobil (XOM).

What is Columbia Banking System's stock symbol?

Columbia Banking System trades on the NASDAQ under the ticker symbol "COLB."

Who are Columbia Banking System's major shareholders?

Columbia Banking System's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (0.86%), Davidson Investment Advisors (0.74%), Victory Capital Management Inc. (0.62%), Moody Aldrich Partners LLC (0.43%), Chartwell Investment Partners LLC (0.42%) and Samson Rock Capital LLP (0.25%). Company insiders that own Columbia Banking System stock include Aaron James Deer, Andy Mcdonald, Clint Stein, Craig D Eerkes, David C Lawson, Kumi Yamamoto Baruffi and Tom Hulbert.
View institutional ownership trends for Columbia Banking System
.

How do I buy shares of Columbia Banking System?

Shares of COLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Columbia Banking System's stock price today?

One share of COLB stock can currently be purchased for approximately $30.15.

How much money does Columbia Banking System make?

Columbia Banking System (NASDAQ:COLB) has a market capitalization of $2.37 billion and generates $630.16 million in revenue each year. The financial services provider earns $202.82 million in net income (profit) each year or $2.78 on an earnings per share basis.

How many employees does Columbia Banking System have?

Columbia Banking System employs 2,260 workers across the globe.

When was Columbia Banking System founded?

Columbia Banking System was founded in 1993.

How can I contact Columbia Banking System?

Columbia Banking System's mailing address is 1301 A STREET, TACOMA WA, 98402. The official website for Columbia Banking System is www.columbiabank.com. The financial services provider can be reached via phone at (253) 305-1900, via email at investorrelations@columbiabank.com, or via fax at 253-305-0317.

This page (NASDAQ:COLB) was last updated on 8/8/2022 by MarketBeat.com Staff

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