What is DA Davidson’s Estimate for COLB FY2026 Earnings?

Columbia Banking System, Inc. (NASDAQ:COLB) – Stock analysts at DA Davidson raised their FY2026 earnings per share (EPS) estimates for Columbia Banking System in a research note issued to investors on Friday, September 26th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $3.12 per share for the year, up from their prior estimate 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.

COLB has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on Columbia Banking System from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Piper Sandler upped their price objective on Columbia Banking System from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Cowen started coverage on Columbia Banking System in a research report on Wednesday. They set a “hold” rating on the stock. Zacks Research downgraded Columbia Banking System from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Columbia Banking System from $26.50 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 1st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, Columbia Banking System currently has a consensus rating of “Hold” and a consensus target price of $29.27.

Columbia Banking System Trading Up 1.0%

NASDAQ:COLB opened at $26.06 on Monday. The company has a market capitalization of $5.48 billion, a P/E ratio of 10.34 and a beta of 0.66. Columbia Banking System has a 12 month low of $19.61 and a 12 month high of $32.85. The business’s 50-day moving average is $25.58 and its 200 day moving average is $24.30.

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

Institutional Investors Weigh In On Columbia Banking System

Several hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC raised its holdings in shares of Columbia Banking System by 18.3% in the second quarter. Corient Private Wealth LLC now owns 35,369 shares of the financial services provider’s stock worth $827,000 after buying an additional 5,467 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Columbia Banking System by 51.7% in the second quarter. Osaic Holdings Inc. now owns 13,804 shares of the financial services provider’s stock worth $323,000 after buying an additional 4,703 shares during the period. Caxton Associates LLP raised its holdings in shares of Columbia Banking System by 119.4% in the second quarter. Caxton Associates LLP now owns 101,174 shares of the financial services provider’s stock worth $2,365,000 after buying an additional 55,060 shares during the period. FORA Capital LLC bought a new position in Columbia Banking System in the second quarter worth approximately $829,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Columbia Banking System by 3.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 180,584 shares of the financial services provider’s stock worth $4,222,000 after purchasing an additional 5,265 shares in the last quarter. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Banking System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, August 29th. Columbia Banking System’s dividend payout ratio 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.