Research Analysts’ Recent Ratings Updates for Columbia Banking System (COLB)

Columbia Banking System (NASDAQ: COLB) has recently received a number of price target changes and ratings updates:

• 1/28/2025 – Columbia Banking System had its price target lowered by analysts at Stephens from $33.00 to $31.00. They now have an “equal weight” rating on the stock.
• 1/27/2025 – Columbia Banking System had its price target lowered by analysts at Citigroup Inc. from $31.00 to $30.00. They now have a “neutral” rating on the stock.
• 1/24/2025 – Columbia Banking System had its price target lowered by analysts at Keefe, Bruyette & Woods from $34.00 to $33.00. They now have a “market perform” rating on the stock.
• 1/7/2025 – Columbia Banking System had its price target lowered by analysts at JPMorgan Chase & Co. from $32.00 to $30.00. They now have a “neutral” rating on the stock.
• 1/6/2025 – Columbia Banking System was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $35.00 price target on the stock, up previously from $33.00.
• 12/17/2024 – Columbia Banking System is now covered by analysts at UBS Group AG. They set a “neutral” rating and a $32.00 price target on the stock.
• 12/5/2024 – Columbia Banking System had its price target raised by analysts at Barclays PLC from $29.00 to $33.00. They now have an “equal weight” rating on the stock.
• 12/4/2024 – Columbia Banking System had its price target raised by analysts at Keefe, Bruyette & Woods from $30.00 to $34.00. They now have a “market perform” rating on the stock.
• 12/3/2024 – Columbia Banking System had its price target raised by analysts at Wells Fargo & Company from $30.00 to $33.00. They now have an “equal weight” rating on the stock.

Columbia Banking System Price Performance

NASDAQ:COLB traded down $0.46 during mid-day trading on Tuesday, reaching $27.67. The stock had a trading volume of 286,884 shares, compared to its average volume of 1,440,984. The stock’s 50 day simple moving average is $28.73 and its two-hundred day simple moving average is $26.83. Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $32.85. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 11.98 and a beta of 0.67.

Columbia Banking System (NASDAQ:COLB) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. Columbia Banking System had a return on equity of 10.13% and a net margin of 16.15%. Sell-side analysts anticipate that Columbia Banking System, Inc. will post 2.66 EPS for the current fiscal year.

Columbia Banking System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.20%. Columbia Banking System’s dividend payout ratio is currently 62.34%.

Hedge Funds Weigh In On Columbia Banking System

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake 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 valued at $95,000 after acquiring an additional 1,290 shares during the period. Farther Finance Advisors LLC increased its stake in Columbia Banking System by 1,507.6% during the third 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 during the period. Hexagon Capital Partners LLC increased its stake in Columbia Banking System by 26.5% during the third quarter. Hexagon Capital Partners LLC now owns 5,209 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 1,091 shares during the period. Signaturefd LLC grew its stake in shares of Columbia Banking System by 14.0% in the 3rd quarter. Signaturefd LLC now owns 5,767 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 709 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Columbia Banking System by 14.9% in the 4th quarter. Blue Trust Inc. now owns 6,745 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 875 shares during the period. Institutional investors and hedge funds own 92.53% of the company’s stock.

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.