Columbia Banking System - COLB Stock Forecast, Price & News

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.

Analyst Upgrades and Downgrades

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

Columbia Banking System Trading Up 0.8 %

Shares of NASDAQ:COLB traded up $0.25 during midday trading on Friday, hitting $31.90. The stock had a trading volume of 12,772 shares, compared to its average volume of 791,047. Columbia Banking System has a 1 year low of $26.97 and a 1 year high of $40.78. The stock has a 50 day moving average price of $29.35 and a two-hundred day moving average price of $31.40. The company has a market capitalization of $2.51 billion, a PE ratio of 11.38 and a beta of 0.67.

Columbia Banking System (NASDAQ:COLB - Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.75 earnings per share 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 return on equity of 9.68%. During the same period in the previous year, the business posted $0.77 earnings per share. As a group, equities analysts expect that Columbia Banking System will post 2.71 EPS for the current year.

Columbia Banking System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 17th. Shareholders of record on Wednesday, August 3rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Tuesday, August 2nd. Columbia Banking System's dividend payout ratio (DPR) is currently 43.17%.

Insider Activity

In related news, Director Craig D. Eerkes acquired 1,694 shares of Columbia Banking System stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average price of $28.52 per share, for a total transaction of $48,312.88. Following the completion of the purchase, the director now directly owns 20,227 shares of the company's stock, valued at $576,874.04. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 2,713 shares of company stock worth $74,593 in the last 90 days. 0.62% of the stock is currently owned by corporate insiders.