Columbia Banking System (NASDAQ:COLB) Stock Price Expected to Rise, DA Davidson Analyst Says

Columbia Banking System (NASDAQ:COLB) had its price target raised by investment analysts at DA Davidson from $30.00 to $32.50 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price objective suggests a potential upside of 12.53% from the stock’s previous close.

A number of other equities research analysts have also commented on COLB. Piper Sandler set a $33.00 price objective on Columbia Banking System in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Columbia Banking System in a report on Monday, December 29th. Barclays upped their price objective on shares of Columbia Banking System from $29.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. TD Cowen reiterated a “hold” rating on shares of Columbia Banking System in a research report on Wednesday, January 7th. Finally, Citigroup boosted their price target on shares of Columbia Banking System from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.27.

Columbia Banking System Price Performance

COLB stock opened at $28.88 on Friday. The firm has a market capitalization of $8.64 billion, a P/E ratio of 12.78 and a beta of 0.60. Columbia Banking System has a 52-week low of $19.61 and a 52-week high of $31.11. The company’s 50 day simple moving average is $28.38 and its 200-day simple moving average is $26.62.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.10. The firm had revenue of $715.00 million for the quarter, compared to analysts’ expectations of $693.23 million. Columbia Banking System had a net margin of 17.11% and a return on equity of 12.20%. During the same period in the previous year, the company posted $0.71 EPS. Sell-side analysts predict that Columbia Banking System will post 2.71 EPS for the current fiscal year.

Institutional Trading of Columbia Banking System

A number of institutional investors and hedge funds have recently made changes to their positions in COLB. Vanguard Group Inc. boosted its stake in shares of Columbia Banking System by 41.3% during the 3rd quarter. Vanguard Group Inc. now owns 29,851,392 shares of the financial services provider’s stock worth $768,375,000 after acquiring an additional 8,730,937 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Columbia Banking System by 135.2% in the third quarter. Wellington Management Group LLP now owns 13,782,222 shares of the financial services provider’s stock valued at $354,754,000 after purchasing an additional 7,921,303 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Columbia Banking System by 68.1% in the third quarter. Dimensional Fund Advisors LP now owns 13,116,339 shares of the financial services provider’s stock worth $337,611,000 after buying an additional 5,313,883 shares during the last quarter. HoldCo Asset Management LP bought a new stake in shares of Columbia Banking System during the 2nd quarter worth $104,819,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Columbia Banking System by 145.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,019,088 shares of the financial services provider’s stock worth $180,671,000 after buying an additional 4,157,835 shares during the period. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System News Summary

Here are the key news stories impacting Columbia Banking System this week:

• Positive Sentiment: Q4 beat on both EPS and revenue — COLB reported $0.82 EPS vs. $0.72 consensus and $715M revenue, driven by revenue growth and lower provisions. This supports earnings momentum. Press Release
• Positive Sentiment: Acquisition tailwinds — the Pacific Premier deal contributed its first full quarter, boosting revenue and offering expected cost‑savings/synergy opportunities highlighted in coverage. COLB Q4 deep dive
• Positive Sentiment: Analysts lifted targets and forecasts after the results — DA Davidson bumped its PT to $32.50 (neutral) and RBC raised its PT to $32 (sector perform), signaling modest upside from current levels. DA Davidson PT raise RBC PT raise
• Neutral Sentiment: Investor resources published (earnings call transcript, slide deck) allowing deeper review of metrics like ROE (11.13%) and net margin (15.98%) for modeling and due diligence. Earnings call transcript
• Negative Sentiment: Rising operating expenses and integration costs were highlighted in coverage; higher expenses may pressure near‑term margins despite revenue gains. This appears to be weighing on sentiment. Zacks: expenses rose
• Negative Sentiment: High trading volume on the decline suggests profit‑taking after the beat; coupled with mostly neutral/sector‑perform analyst stances, upside may be capped near-term. (Market volume data referenced in trading summary.) MarketBeat earnings summary

About Columbia Banking System

Columbia Banking System, Inc is a bank holding company that operates through its principal subsidiary, Columbia State Bank. Headquartered in Tacoma, Washington, the company provides a full range of banking and financial services to commercial, small business and consumer customers. Its branch network is concentrated in the Pacific Northwest, with locations across Washington, Oregon and Idaho, where it aims to combine local decision-making with the resources of a larger institution.

The company’s offerings include commercial real estate lending, construction and development financing, equipment and small business loans, and deposit products such as checking, savings and money market accounts.