Columbia Banking System (NASDAQ:COLB) Price Target Raised to $26.00

Columbia Banking System (NASDAQ:COLB) had its target price increased by DA Davidson from $25.00 to $26.00 in a report released on Tuesday morning,Benzinga reports. DA Davidson currently has a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for Columbia Banking System’s Q2 2025 earnings at $0.64 EPS.

COLB has been the subject of several other reports. Piper Sandler reduced their price target on Columbia Banking System from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Wells Fargo & Company lifted their price target on Columbia Banking System from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Raymond James set a $27.00 price target on Columbia Banking System and gave the company an “outperform” rating in a research report on Thursday, April 24th. Royal Bank of Canada reduced their price target on Columbia Banking System from $32.00 to $27.00 and set a “sector perform” rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen started coverage on Columbia Banking System in a research report on Thursday, May 22nd. They set a “hold” rating for the company. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.71.

Columbia Banking System Stock Down 1.2%

Shares of NASDAQ:COLB opened at $23.38 on Tuesday. Columbia Banking System has a 52-week low of $18.22 and a 52-week high of $32.85. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 9.20 and a beta of 0.63. The business has a 50-day moving average price of $23.23 and a 200-day moving average price of $25.79.

Columbia Banking System (NASDAQ:COLB) last announced 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. The firm had revenue of $481.92 million during the quarter, compared to analysts’ expectations of $482.86 million. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. As a group, equities analysts anticipate that Columbia Banking System will post 2.71 EPS for the current fiscal year.

Columbia Banking System Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Friday, May 30th. Columbia Banking System’s payout ratio is 61.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System lifted its stake in Columbia Banking System by 0.8% during the 4th quarter. Arizona State Retirement System now owns 60,758 shares of the financial services provider’s stock worth $1,641,000 after acquiring an additional 469 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Columbia Banking System by 1.0% in the first quarter. State of Michigan Retirement System now owns 50,141 shares of the financial services provider’s stock valued at $1,251,000 after purchasing an additional 500 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Columbia Banking System by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 58,700 shares of the financial services provider’s stock valued at $1,464,000 after purchasing an additional 500 shares in the last quarter. Xponance Inc. increased its stake in Columbia Banking System by 2.2% during the 1st quarter. Xponance Inc. now owns 24,313 shares of the financial services provider’s stock worth $606,000 after buying an additional 517 shares during the period. Finally, Sippican Capital Advisors increased its stake in Columbia Banking System by 0.5% during the 1st quarter. Sippican Capital Advisors now owns 108,027 shares of the financial services provider’s stock worth $2,694,000 after buying an additional 540 shares during the period. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

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.