1 week Ago By ABMN Staff
Columbia Banking System, Inc. ( NASDAQ:COLB – Free Report ) – Equities research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Columbia Banking System in a note issued to investors on Thursday, December 19th. DA Davidson analyst J.
Rulis now anticipates that the financial services provider will post earnings per share of $2.67 for the year, down from their previous forecast of $2.70.
The consensus estimate for Columbia Banking System’s current full-year earnings is $2.63 per share. A number of other equities research analysts have also commented on COLB.
Royal Bank of Canada upped their price objective on shares of Columbia Banking System from $29.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th.
Wedbush upped their price target on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, October 25th.
Barclays lifted their price objective on Columbia Banking System from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th.
UBS Group initiated coverage on Columbia Banking System in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $32.00 price objective on the stock.
Finally, Truist Financial raised their target price on Columbia Banking System from $28.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, October 28th.
Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $29.00.
Columbia Banking System Stock Performance NASDAQ:COLB opened at $27.08 on Monday. Columbia Banking System has a fifty-two week low of $17.
08 and a fifty-two week high of $32.85. The company has a 50 day simple moving average of $29.
45 and a two-hundred day simple moving average of $25.30. The company has a market capitalization of $5.
67 billion, a PE ratio of 11.72 and a beta of 0.64.
Columbia Banking System ( NASDAQ:COLB – Get Free Report ) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.
62 by $0.07. The company had revenue of $765.
06 million during the quarter, compared to analysts’ expectations of $478.80 million. Columbia Banking System had a return on equity of 10.
13% and a net margin of 16.15%. During the same quarter in the prior year, the firm posted $0.
79 earnings per share. Columbia Banking System Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.
36 per share. The ex-dividend date was Friday, November 29th. This represents a $1.
44 dividend on an annualized basis and a yield of 5.32%. Columbia Banking System’s dividend payout ratio (DPR) is presently 62.
34%. Institutional Investors Weigh In On Columbia Banking System Several hedge funds and other institutional investors have recently made changes to their positions in COLB. Picton Mahoney Asset Management acquired a new position in Columbia Banking System during the 2nd quarter valued at about $33,000.
Allspring Global Investments Holdings LLC boosted its position in shares of Columbia Banking System by 111.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,618 shares of the financial services provider’s stock valued at $52,000 after buying an additional 1,380 shares during the last quarter.
GAMMA Investing LLC grew its holdings in Columbia Banking System by 54.9% during the third quarter. GAMMA Investing LLC now owns 3,640 shares of the financial services provider’s stock worth $95,000 after buying an additional 1,290 shares in the last quarter.
Signaturefd LLC raised its position in Columbia Banking System by 44.1% in the 2nd quarter. Signaturefd LLC now owns 5,058 shares of the financial services provider’s stock valued at $101,000 after buying an additional 1,548 shares during the last quarter.
Finally, Farther Finance Advisors LLC lifted its stake in Columbia Banking System by 1,507.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,855 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 4,553 shares in the last quarter.
92.53% of the stock is owned by institutional investors. Columbia Banking System Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Columbia Banking System Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Banking System and related companies with MarketBeat.com's FREE daily email newsletter .
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