Columbia Banking System (COLB) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last twelve months. There are currently 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" COLB shares.
View COLB analyst ratings or view top-rated stocks.

9 Wall Street research analysts have issued 1 year price targets for Columbia Banking System's shares. Their COLB share price forecasts range from $23.00 to $37.00. On average, they expect the company's share price to reach $28.44 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts price targets for COLB or view top-rated stocks among Wall Street analysts.

Columbia Banking System's stock was trading at $30.13 at the beginning of 2023. Since then, COLB shares have decreased by 31.3% and is now trading at $20.70.
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Columbia Banking System saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,160,000 shares, an increase of 9.6% from the April 30th total of 5,620,000 shares. Based on an average daily volume of 3,300,000 shares, the days-to-cover ratio is currently 1.9 days.
View Columbia Banking System's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our COLB earnings forecast.

Columbia Banking System, Inc. (NASDAQ:COLB) released its quarterly earnings data on Wednesday, April, 26th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The financial services provider had revenue of $429.43 million for the quarter, compared to analyst estimates of $441.99 million. Columbia Banking System had a trailing twelve-month return on equity of 9.55% and a net margin of 16.18%. Columbia Banking System's revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 EPS.

Columbia Banking System declared a quarterly dividend on Monday, May 15th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.36 per share on Thursday, June 15th. This represents a $1.44 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend is Tuesday, May 30th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for COLB.

ETFs with the largest weight of Columbia Banking System (NASDAQ:COLB) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco KBW Regional Banking ETF (KBWR), iShares Focused Value Factor ETF (FOVL), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST) and VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB).

Columbia Banking System (NASDAQ:COLB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 5.70%. COLB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 50.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COLB will have a dividend payout ratio of 29.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COLB.

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

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).

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

Columbia Banking System's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (23.88%), State Street Corp (11.57%), Dimensional Fund Advisors LP (10.76%), Macquarie Group Ltd. (10.29%), Franklin Resources Inc. (7.04%) and Arrowstreet Capital Limited Partnership (5.39%). Insiders that own company 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.

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.
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One share of COLB stock can currently be purchased for approximately $20.70.

Columbia Banking System (NASDAQ:COLB) has a market capitalization of $4.32 billion and generates $745.63 million in revenue each year. The financial services provider earns $250.18 million in net income (profit) each year or $2.37 on an earnings per share basis.

The company employs 2,093 workers across the globe.

Columbia Banking System's mailing address is 1301 A STREET, TACOMA WA, 98402. The official website for the company 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.