Columbia Banking System (NASDAQ:COLB) Stock Price Expected to Rise, DA Davidson Analyst Says

Columbia Banking System (NASDAQ:COLB) had its price objective increased by DA Davidson from $25.00 to $26.00 in a research note published 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.

A number of other brokerages also recently issued reports on COLB. Barclays lifted their price target on Columbia Banking System from $27.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. Wells Fargo & Company raised their price objective on Columbia Banking System from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Jefferies Financial Group initiated coverage on Columbia Banking System in a report on Wednesday, May 21st. They issued a “hold” rating and a $27.00 target price for the company. Royal Bank of Canada decreased their target price 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, Raymond James set a $27.00 price target on Columbia Banking System and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.71.

Columbia Banking System Stock Performance

COLB stock opened at $23.38 on Tuesday. The company’s 50 day moving average price is $23.23 and its 200 day moving average price is $25.79. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 9.20 and a beta of 0.63. Columbia Banking System has a fifty-two week low of $18.22 and a fifty-two week high of $32.85.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Columbia Banking System had a net margin of 17.99% and a return on equity of 11.21%. The company had revenue of $481.92 million for the quarter, compared to the consensus estimate of $482.86 million. During the same period in the prior year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that Columbia Banking System will post 2.71 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

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

Hedge Funds Weigh In On Columbia Banking System

Large investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in Columbia Banking System during the 4th quarter worth $29,000. SBI Securities Co. Ltd. purchased a new position in Columbia Banking System during the 4th quarter worth $32,000. Geneos Wealth Management Inc. raised its position in Columbia Banking System by 194.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the financial services provider’s stock worth $30,000 after buying an additional 794 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Columbia Banking System during the 1st quarter worth $37,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Columbia Banking System during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.

About Columbia Banking System

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.