Columbia Banking System (NASDAQ:COLB) Price Target Raised to $35.00 at Keefe, Bruyette & Woods

Columbia Banking System (NASDAQ:COLB) had its target price raised by Keefe, Bruyette & Woods from $34.00 to $35.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Fundamental Research set a $35.00 price objective on shares of Columbia Banking System in a research report on Wednesday, July 1st. Barclays boosted their price target on shares of Columbia Banking System from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday. Wells Fargo & Company upped their price target on Columbia Banking System from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Royal Bank Of Canada increased their price target on Columbia Banking System from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Friday. Finally, UBS Group initiated coverage on shares of Columbia Banking System in a research note on Tuesday, April 7th. They issued a “neutral” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.27.

Columbia Banking System Stock Performance

NASDAQ:COLB opened at $31.15 on Friday. Columbia Banking System has a 1 year low of $22.77 and a 1 year high of $33.67. The stock has a fifty day moving average price of $30.99 and a two-hundred day moving average price of $29.70. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 2.20 and a beta of 0.62.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.03. Columbia Banking System had a net margin of 19.96% and a return on equity of 11.25%. The company had revenue of $680.00 million for the quarter, compared to analyst estimates of $687.40 million. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts predict that Columbia Banking System will post 3.05 EPS for the current year.

Columbia Banking System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a $0.37 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.48 annualized dividend and a dividend yield of 4.8%. Columbia Banking System’s dividend payout ratio is currently 58.96%.

Insider Activity

In other Columbia Banking System news, CMO Devine David Moore sold 3,872 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $29.77, for a total transaction of $115,269.44. Following the sale, the chief marketing officer owned 18,636 shares in the company, valued at $554,793.72. This represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Columbia Banking System

A number of hedge funds have recently made changes to their positions in COLB. Geneos Wealth Management Inc. increased its holdings in Columbia Banking System by 194.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 794 shares during the period. Cedar Mountain Advisors LLC boosted its holdings in shares of Columbia Banking System by 571.7% in the first quarter. Cedar Mountain Advisors LLC now owns 1,115 shares of the financial services provider’s stock worth $31,000 after buying an additional 949 shares during the last quarter. Horizon Investments LLC raised its stake in Columbia Banking System by 168.8% during the 4th quarter. Horizon Investments LLC now owns 1,231 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 773 shares during the period. Rossby Financial LCC bought a new stake in Columbia Banking System during the 4th quarter valued at approximately $36,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in shares of Columbia Banking System in the fourth quarter worth about $43,000. 92.53% of the stock is currently owned by institutional investors.

Columbia Banking System News Summary

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

• Positive Sentiment: Columbia Banking System reported Q2 2026 earnings of $0.76 per share, beating estimates of $0.73 and matching last year’s EPS, while management said the results reflect resilient franchise performance and disciplined execution. Columbia Banking System, Inc. Reports Second Quarter 2026 Results
• Positive Sentiment: Higher net interest income and fee income helped offset expense pressure and weaker loan/deposit balances, reinforcing the earnings beat and supporting the stock. Columbia Banking Q2 Earnings Top Estimates on Higher NII & Fee Income
• Positive Sentiment: Analysts responded favorably after the results, with Keefe, Bruyette & Woods, RBC, and Stephens all raising price targets to $35-$36, signaling improved expectations for COLB. Benzinga analyst updates
• Positive Sentiment: The company completed a $497 million buyback, which can support earnings per share and is typically viewed positively by investors. Columbia Banking System (COLB) Completes $497 Million Buyback As Q2 Earnings Arrive
• Neutral Sentiment: Revenue came in slightly below Wall Street expectations, so the earnings beat was not broad-based across all top-line metrics. Earnings report and conference call materials
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a driver of the stock’s move today.

Columbia Banking System Company Profile

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.