Columbia Banking System - COLB Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Banking System in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" COLB shares. 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 COLB analyst ratings or view top-rated stocks.

3 brokers have issued 12-month price objectives for Columbia Banking System's shares. Their COLB share price forecasts range from $31.00 to $35.00. On average, they predict the company's stock price to reach $33.33 in the next year. This suggests that the stock has a possible downside of 1.0%.
View analysts price targets for COLB or view top-rated stocks among Wall Street analysts.

Columbia Banking System's stock was trading at $32.72 at the beginning of the year. Since then, COLB stock has increased by 2.9% and is now trading at $33.67.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023.
View our COLB earnings forecast.

Columbia Banking System, Inc. (NASDAQ:COLB) announced its earnings results on Wednesday, October, 27th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The financial services provider had revenue of $132.54 million for the quarter, compared to the consensus estimate of $150.88 million. Columbia Banking System had a trailing twelve-month return on equity of 10.51% and a net margin of 31.38%. The company's quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share.

Columbia Banking System declared a quarterly dividend on Wednesday, October 5th. Investors of record on Monday, October 17th will be given a dividend of $0.30 per share on Friday, October 28th. This represents a $1.20 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, October 14th.
Read our dividend analysis for COLB.

Columbia Banking System (NASDAQ:COLB) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.59%. The dividend payout ratio is 41.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COLB will have a dividend payout ratio of 32.43% 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.67%), Vanguard Group Inc. (11.86%), Dimensional Fund Advisors LP (6.26%), State Street Corp (6.02%), Epoch Investment Partners Inc. (3.49%) and Cardinal Capital Management LLC CT (3.33%). 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 $33.67.

Columbia Banking System (NASDAQ:COLB) has a market capitalization of $2.65 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 $2.87 on an earnings per share basis.

The company employs 2,260 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.