Jupiter Topco LLC Purchases Shares of 124,301 Columbia Banking System, Inc. $COLB

Posted by Geri Gentry on Sep 2nd, 2026

Jupiter Topco LLC purchased a new position in Columbia Banking System, Inc. (NASDAQ:COLB – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 124,301 shares of the financial services provider’s stock, valued at approximately $3,984,000.

Several other hedge funds have also recently modified their holdings of COLB. BlackRock Inc. acquired a new stake in Columbia Banking System in the 2nd quarter worth approximately $880,443,000. Wellington Management Group LLP grew its position in Columbia Banking System by 135.2% during the 3rd quarter. Wellington Management Group LLP now owns 13,782,222 shares of the financial services provider’s stock worth $354,754,000 after purchasing an additional 7,921,303 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Columbia Banking System by 140.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,666,769 shares of the financial services provider’s stock valued at $242,237,000 after purchasing an additional 5,063,212 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Columbia Banking System during the 2nd quarter valued at approximately $120,867,000. Finally, Norges Bank purchased a new position in shares of Columbia Banking System in the fourth quarter worth $103,012,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Insider Activity

In other news, CMO Devine David Moore sold 3,872 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $29.77, for a total value of $115,269.44. Following the completion of the transaction, the chief marketing officer owned 18,636 shares of the company’s stock, valued at $554,793.72. The trade was a 17.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

COLB has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their price objective on shares of Columbia Banking System from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. lifted their price target on Columbia Banking System from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Fundamental Research set a $35.00 price target on Columbia Banking System in a research note on Wednesday, July 1st. Zacks Research lowered Columbia Banking System from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Columbia Banking System from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.62.

Read Our Latest Research Report on COLB

Columbia Banking System Price Performance

NASDAQ:COLB opened at $29.32 on Wednesday. The company’s fifty day moving average price is $31.64 and its 200-day moving average price is $29.99. Columbia Banking System, Inc. has a 1-year low of $23.83 and a 1-year high of $33.67. The firm has a market capitalization of $8.29 billion, a P/E ratio of 11.68, a PEG ratio of 2.94 and a beta of 0.62.

Columbia Banking System (NASDAQ:COLB – Get Free Report) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Columbia Banking System had a net margin of 19.96% and a return on equity of 11.33%. The company had revenue of $677.00 million during the quarter, compared to the consensus estimate of $687.40 million. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities analysts anticipate that Columbia Banking System, Inc. will post 3.03 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, August 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.0%. Columbia Banking System’s dividend payout ratio (DPR) is presently 58.96%.

Columbia Banking System Company Profile

(Free Report)

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.