DA Davidson Has Bearish Forecast for COLB FY2026 Earnings

Columbia Banking System, Inc. (NASDAQ:COLB) – Equities researchers at DA Davidson cut their FY2026 earnings per share (EPS) estimates for shares of Columbia Banking System in a report released on Wednesday, June 11th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $3.00 per share for the year, down from their previous forecast of $3.10. DA Davidson currently has a “Neutral” rating and a $26.00 price target on the stock. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.71 per share.

Columbia Banking System (NASDAQ:COLB) last issued 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. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. The firm had revenue of $481.92 million during the quarter, compared to the consensus estimate of $482.86 million. During the same period in the previous year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

COLB has been the subject of several other reports. Royal Bank of Canada cut their price objective 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. Raymond James set a $27.00 target price on shares of Columbia Banking System and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Barclays lifted their target price on shares of Columbia Banking System from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their target price on shares of Columbia Banking System from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Finally, Wall Street Zen assumed coverage on shares of Columbia Banking System in a research note on Thursday, May 22nd. They issued a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Columbia Banking System currently has a consensus rating of “Hold” and an average price target of $29.71.

Columbia Banking System Price Performance

Shares of Columbia Banking System stock opened at $22.60 on Friday. Columbia Banking System has a 1 year low of $18.22 and a 1 year high of $32.85. The company has a market capitalization of $4.75 billion, a P/E ratio of 8.90 and a beta of 0.63. The business has a 50 day moving average price of $23.27 and a 200 day moving average price of $25.73.

Columbia Banking System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 annualized dividend and a dividend yield of 6.37%. Columbia Banking System’s dividend payout ratio is presently 61.02%.

Hedge Funds Weigh In On Columbia Banking System

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System lifted its holdings in shares of 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 valued at $1,641,000 after acquiring an additional 469 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of Columbia Banking System by 1.0% during the 1st quarter. State of Michigan Retirement System now owns 50,141 shares of the financial services provider’s stock valued at $1,251,000 after acquiring an additional 500 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Columbia Banking System by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 58,700 shares of the financial services provider’s stock valued at $1,464,000 after acquiring an additional 500 shares in the last quarter. Xponance Inc. lifted its holdings in shares of Columbia Banking System by 2.2% during the 1st quarter. Xponance Inc. now owns 24,313 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 517 shares in the last quarter. Finally, Sippican Capital Advisors lifted its holdings in shares of 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 valued at $2,694,000 after acquiring an additional 540 shares in the last quarter. Institutional investors and hedge funds 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.