FY2025 Earnings Estimate for COLB Issued By DA Davidson

Columbia Banking System, Inc. (NASDAQ:COLB) – Stock analysts at DA Davidson cut their FY2025 earnings per share estimates for Columbia Banking System in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $2.67 for the year, down from their previous estimate of $2.70. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.63 per share.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $765.06 million during the quarter, compared to the consensus estimate of $478.80 million. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. During the same quarter in the prior year, the firm earned $0.79 EPS.

Other analysts have also recently issued reports about the stock. Raymond James upped their target price on shares of Columbia Banking System from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Truist Financial lifted their target price on Columbia Banking System from $28.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target on Columbia Banking System from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. StockNews.com upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Barclays increased their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Columbia Banking System currently has a consensus rating of “Hold” and an average target price of $29.00.

Columbia Banking System Price Performance

NASDAQ:COLB opened at $27.19 on Monday. The stock’s 50 day simple moving average is $29.45 and its two-hundred day simple moving average is $25.25. Columbia Banking System has a 1 year low of $17.08 and a 1 year high of $32.85. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 11.77 and a beta of 0.64.

Columbia Banking System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend was Friday, November 29th. Columbia Banking System’s dividend payout ratio (DPR) is 62.34%.

Hedge Funds Weigh In On Columbia Banking System

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLB. Picton Mahoney Asset Management acquired a new stake in shares of Columbia Banking System in the 2nd quarter worth $33,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Columbia Banking System by 111.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,618 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,380 shares during the last quarter. GAMMA Investing LLC lifted its position in Columbia Banking System by 54.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,640 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,290 shares during the period. Signaturefd LLC increased its holdings in Columbia Banking System by 44.1% in the 2nd quarter. Signaturefd LLC now owns 5,058 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,548 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Columbia Banking System by 1,507.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,855 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 4,553 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

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.