Columbia Banking System, Inc. (NASDAQ:COLB – Free Report) – Equities research analysts at DA Davidson lowered their FY2025 earnings estimates for Columbia Banking System in a report issued on Friday, June 27th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $2.59 for the year, down from their previous estimate of $2.60. DA Davidson currently has a “Neutral” rating and a $26.00 target price on the stock. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.71 per share.
A number of other brokerages have also commented on COLB. Wells Fargo & Company increased their price objective on shares of Columbia Banking System from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Royal Bank Of Canada decreased their price target on shares of Columbia Banking System from $32.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group started coverage on shares of Columbia Banking System in a report on Wednesday, May 21st. They issued a “hold” rating and a $27.00 price target for the company. Wall Street Zen started coverage on shares of Columbia Banking System in a research report on Thursday, May 22nd. They issued a “hold” rating for the company. Finally, Piper Sandler decreased their price objective on Columbia Banking System from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Columbia Banking System has an average rating of “Hold” and an average target price of $29.29.
Columbia Banking System Stock Performance
Shares of NASDAQ:COLB opened at $24.47 on Monday. The business has a fifty day moving average of $23.55 and a 200-day moving average of $25.07. Columbia Banking System has a twelve month low of $19.08 and a twelve month high of $32.85. The firm has a market cap of $5.14 billion, a PE ratio of 10.37 and a beta of 0.62.
Columbia Banking System (NASDAQ:COLB – Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $481.92 million during the quarter, compared to analysts’ expectations of $482.86 million. Columbia Banking System had a return on equity of 11.12% and a net margin of 16.85%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS.
Columbia Banking System Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.36 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.88%. Columbia Banking System’s dividend payout ratio is 61.02%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new stake in Columbia Banking System in the fourth quarter worth $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Columbia Banking System in the 4th quarter valued at $32,000. Geneos Wealth Management Inc. raised its stake 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 worth $30,000 after buying an additional 794 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Columbia Banking System during the 1st quarter worth $37,000. Finally, Kapitalo Investimentos Ltda bought a new position in Columbia Banking System during the fourth quarter worth about $42,000. Institutional investors own 92.53% of the company’s stock.
About Columbia Banking System
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.
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