DA Davidson Has Bullish Estimate for COLB FY2025 Earnings

Columbia Banking System, Inc. (NASDAQ:COLB) – Equities research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for Columbia Banking System in a research report issued to clients and investors on Monday, July 28th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.85 per share for the year, up from their prior forecast of $2.59. DA Davidson currently has a “Neutral” rating and a $26.00 target price on the stock. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.71 per share. DA Davidson also issued estimates for Columbia Banking System’s FY2026 earnings at $3.10 EPS.

Other analysts have also issued research reports about the company. Citigroup reissued a “neutral” rating and issued a $26.00 target price (up previously from $22.00) on shares of Columbia Banking System in a research report on Monday. Keefe, Bruyette & Woods cut their target price on Columbia Banking System from $33.00 to $30.00 and set a “market perform” rating on the stock in a research report on Thursday, April 24th. Raymond James Financial set a $27.00 target price on Columbia Banking System and gave the company an “outperform” rating in a research report on Thursday, April 24th. Wall Street Zen began coverage on Columbia Banking System in a research report on Thursday, May 22nd. They issued a “hold” rating on the stock. Finally, Royal Bank Of Canada cut their price objective on Columbia Banking System from $32.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 24th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.93.

Columbia Banking System Stock Performance

COLB opened at $23.88 on Wednesday. Columbia Banking System has a one year low of $19.61 and a one year high of $32.85. The stock has a market capitalization of $5.02 billion, a PE ratio of 9.48 and a beta of 0.62. The business’s 50 day moving average price is $23.84 and its 200 day moving average price is $24.70.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. Columbia Banking System had a return on equity of 11.31% and a net margin of 17.98%. The firm had revenue of $511.55 million for the quarter, compared to analysts’ expectations of $492.00 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis.

Hedge Funds Weigh In On Columbia Banking System

Several large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its holdings in Columbia Banking System by 0.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 12,742,629 shares of the financial services provider’s stock valued at $317,802,000 after buying an additional 116,795 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Columbia Banking System by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,667,271 shares of the financial services provider’s stock valued at $191,222,000 after buying an additional 351,375 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Columbia Banking System by 18.4% in the first quarter. Dimensional Fund Advisors LP now owns 6,527,612 shares of the financial services provider’s stock valued at $162,791,000 after buying an additional 1,012,796 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Columbia Banking System by 221.3% in the first quarter. JPMorgan Chase & Co. now owns 5,947,950 shares of the financial services provider’s stock valued at $148,342,000 after buying an additional 4,096,733 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in Columbia Banking System by 13.3% in the first quarter. Epoch Investment Partners Inc. now owns 2,703,761 shares of the financial services provider’s stock valued at $67,432,000 after buying an additional 316,988 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

Columbia Banking System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Friday, May 30th. Columbia Banking System’s dividend payout ratio (DPR) is presently 57.14%.

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.