Equities Analysts Set Expectations for COLB FY2025 Earnings

Columbia Banking System, Inc. (NASDAQ:COLB) – Stock analysts at DA Davidson lowered their FY2025 earnings per share (EPS) estimates for shares of Columbia Banking System in a research note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will earn $2.67 per share for the year, down from their prior 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 results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The firm had revenue of $765.06 million for the quarter, compared to the consensus estimate of $478.80 million. Columbia Banking System had a return on equity of 10.13% and a net margin of 16.15%. During the same quarter last year, the business posted $0.79 EPS.

COLB has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Columbia Banking System from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Wells Fargo & Company increased their target price on shares of Columbia Banking System from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. UBS Group began coverage on Columbia Banking System in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $32.00 price target on the stock. StockNews.com raised Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Finally, Wedbush boosted their target price on Columbia Banking System from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Columbia Banking System has a consensus rating of “Hold” and an average target price of $29.00.

Columbia Banking System Trading Up 1.8 %

COLB stock opened at $27.57 on Monday. The company has a market capitalization of $5.78 billion, a P/E ratio of 11.94 and a beta of 0.64. The business has a 50 day simple moving average of $29.45 and a 200-day simple moving average of $25.42. Columbia Banking System has a twelve month low of $17.08 and a twelve month high of $32.85.

Institutional Investors Weigh In On Columbia Banking System

A number of hedge funds and other institutional investors have recently bought and sold shares of COLB. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Columbia Banking System by 1.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,330,133 shares of the financial services provider’s stock worth $46,346,000 after purchasing an additional 36,867 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Columbia Banking System by 45.7% in the third quarter. Pathstone Holdings LLC now owns 120,888 shares of the financial services provider’s stock valued at $3,156,000 after purchasing an additional 37,941 shares during the period. BNP Paribas Financial Markets boosted its holdings in Columbia Banking System by 439.5% during the third quarter. BNP Paribas Financial Markets now owns 79,877 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 65,072 shares in the last quarter. Jane Street Group LLC grew its position in Columbia Banking System by 219.3% during the third quarter. Jane Street Group LLC now owns 212,889 shares of the financial services provider’s stock worth $5,559,000 after buying an additional 146,219 shares during the period. Finally, Leuthold Group LLC purchased a new position in Columbia Banking System in the third quarter valued at about $3,181,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 5.22%. The ex-dividend date was Friday, November 29th. Columbia Banking System’s payout ratio is 62.34%.

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.