Walleye Capital LLC acquired a new stake in Columbia Banking System, Inc. (NASDAQ:COLB – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,431 shares of the financial services provider’s stock, valued at approximately $560,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP increased its position in Columbia Banking System by 135.2% during the third quarter. Wellington Management Group LLP now owns 13,782,222 shares of the financial services provider’s stock worth $354,754,000 after buying an additional 7,921,303 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Columbia Banking System by 140.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,666,769 shares of the financial services provider’s stock worth $242,237,000 after buying an additional 5,063,212 shares during the last quarter. Norges Bank acquired a new stake in shares of Columbia Banking System in the fourth quarter worth about $103,012,000. North Reef Capital Management LP boosted its stake in shares of Columbia Banking System by 3,600.0% during the 4th quarter. North Reef Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $103,415,000 after acquiring an additional 3,600,000 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Columbia Banking System by 32.5% during the 3rd quarter. State Street Corp now owns 13,407,671 shares of the financial services provider’s stock worth $345,113,000 after acquiring an additional 3,290,560 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on COLB shares. Barclays increased their price objective on Columbia Banking System from $29.00 to $31.00 and gave the company an “equal weight” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Columbia Banking System in a research report on Monday, June 29th. Piper Sandler increased their price target on Columbia Banking System from $34.00 to $36.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Royal Bank Of Canada lifted their price target on shares of Columbia Banking System from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Fundamental Research set a $35.00 price objective on shares of Columbia Banking System in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.27.
Insider Activity at Columbia Banking System
In other news, CMO Devine David Moore sold 3,872 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer directly owned 18,636 shares in the company, valued at $554,793.72. The trade was a 17.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is currently owned by company insiders.
Key Headlines Impacting Columbia Banking System
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 Stock Performance
Shares of NASDAQ:COLB opened at $31.15 on Friday. The stock’s 50-day moving average is $30.99 and its 200-day moving average is $29.70. The company has a market cap of $9.02 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.20 and a beta of 0.62. Columbia Banking System, Inc. has a 52-week low of $22.77 and a 52-week high of $33.67.
Columbia Banking System (NASDAQ:COLB – Get Free Report) last posted its quarterly earnings data 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 return on equity of 11.25% and a net margin of 19.96%.The business had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $687.40 million. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, equities analysts predict that Columbia Banking System, Inc. will post 3.05 EPS for the current year.
Columbia Banking System Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.37 per share. The ex-dividend date was Friday, May 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.8%. Columbia Banking System’s payout ratio is 58.96%.
Columbia Banking System 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.
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