Columbia Banking System (NASDAQ:COLB) Price Target Raised to $34.00

Posted by Francis Steltz on Oct 26th, 2026

Columbia Banking System (NASDAQ:COLB – Free Report) had its price target boosted by Royal Bank Of Canada from $32.00 to $34.00 in a research report sent to investors on Friday, MarketBeat.com reports. They currently have a sector perform rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on COLB. DA Davidson upgraded Columbia Banking System from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods boosted their target price on shares of Columbia Banking System from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Stephens upped their price target on shares of Columbia Banking System from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. TD Cowen lowered their price target on shares of Columbia Banking System from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Finally, Fundamental Research set a $35.00 price target on shares of Columbia Banking System in a report on Wednesday, July 1st. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.38.

Check Out Our Latest Analysis on Columbia Banking System

Columbia Banking System Trading Down 0.0%

Shares of COLB stock opened at $30.85 on Friday. The stock has a 50 day simple moving average of $29.68 and a 200-day simple moving average of $30.26. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. Columbia Banking System has a 12-month low of $25.12 and a 12-month high of $33.67.

Columbia Banking System (NASDAQ:COLB – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. Columbia Banking System had a return on equity of 11.93% and a net margin of 22.83%. The business had revenue of $702.00 million during the quarter, compared to analysts’ expectations of $687.74 million. During the same period last year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts forecast that Columbia Banking System will post 3.04 earnings per share for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Friday, August 28th were issued a $0.37 dividend. The ex-dividend date was Friday, August 28th. This represents a $1.48 annualized dividend and a yield of 4.8%. Columbia Banking System’s payout ratio is 51.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COLB. Quad Cities Investment Group LLC boosted its stake in Columbia Banking System by 0.7% during the 2nd quarter. Quad Cities Investment Group LLC now owns 45,802 shares of the financial services provider’s stock valued at $1,468,000 after purchasing an additional 331 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Columbia Banking System by 0.6% during the 1st quarter. State of Michigan Retirement System now owns 71,041 shares of the financial services provider’s stock valued at $1,949,000 after purchasing an additional 400 shares during the period. Kera Capital Partners Inc. raised its stake in shares of Columbia Banking System by 5.7% in the 1st quarter. Kera Capital Partners Inc. now owns 7,894 shares of the financial services provider’s stock worth $217,000 after buying an additional 425 shares in the last quarter. Henshaw Capital LLC raised its stake in shares of Columbia Banking System by 1.4% in the 1st quarter. Henshaw Capital LLC now owns 34,805 shares of the financial services provider’s stock worth $955,000 after buying an additional 477 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Columbia Banking System by 5.5% in the third quarter. Robertson Stephens Wealth Management LLC now owns 9,806 shares of the financial services provider’s stock valued at $280,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 92.53% of the company’s stock.

Key Stories Impacting Columbia Banking System

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

Positive Sentiment: Q3 earnings and revenue exceeded expectations. Columbia reported adjusted earnings of $0.82 per share versus the $0.77 consensus estimate, while revenue reached $702 million, above the $687.7 million forecast. Revenue increased 19.4% year over year. Columbia Banking Q3 earnings report
Positive Sentiment: Profitability improved materially. Net income rose to $220 million, or $0.78 per diluted share, from $96 million a year earlier. Net interest income increased $26 million sequentially to $615 million, and net interest margin expanded 18 basis points to 4.11%. Deposits also grew to $52.74 billion from $52.06 billion in the prior quarter. Columbia Banking Q3 net income report
Positive Sentiment: Capital returns are a major catalyst. The bank repurchased $199 million of common stock during the quarter, completed its previous authorization and approved a new buyback of up to $1.2 billion with no expiration date. Columbia also maintained its quarterly dividend at $0.37 per share. Columbia Banking System third-quarter results
Positive Sentiment: RBC raised its price target to $34 from $32. Although the firm retained a “sector perform” rating, the higher target implies additional upside from the current trading level. Royal Bank of Canada analyst recommendation
Neutral Sentiment: Columbia reported third-quarter net charge-offs, but the available announcement does not provide enough detail to determine whether credit quality improved or deteriorated. Columbia Banking net charge-offs report
Negative Sentiment: Adjusted earnings of $0.82 per share declined from $0.85 in the year-earlier quarter, meaning the results were strong relative to estimates but not across every year-over-year earnings measure.

Columbia Banking System Company Profile

(Get Free Report)

Columbia Banking System, Inc is a bank holding company headquartered in Tacoma, Washington. It operates through Umpqua Bank, a full-service financial institution serving consumers, businesses, professionals and institutions.

Umpqua Bank provides deposit accounts, residential and commercial lending, business banking, treasury and cash-management services, mortgage banking, personal banking and wealth-management solutions. Its offerings include checking and savings accounts, commercial real estate and business loans, consumer credit, online and mobile banking, and investment and advisory services.

Columbia Banking System traces its roots to the formation of Columbia State Bank in Washington in 1993.