85,691 Shares in Columbia Banking System, Inc. $COLB Purchased by Public Employees Retirement System of Ohio

Posted by Brenda Bartman on Sep 6th, 2026

Public Employees Retirement System of Ohio acquired a new position in shares of Columbia Banking System, Inc. (NASDAQ:COLB – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 85,691 shares of the financial services provider’s stock, valued at approximately $2,746,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quad Cities Investment Group LLC increased its position in shares of Columbia Banking System by 0.7% during the second quarter. Quad Cities Investment Group LLC now owns 45,802 shares of the financial services provider’s stock worth $1,468,000 after purchasing an additional 331 shares in the last quarter. Hilton Head Capital Partners LLC boosted its stake in Columbia Banking System by 25.8% during the 1st quarter. Hilton Head Capital Partners LLC now owns 1,945 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 399 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Columbia Banking System by 0.6% in the first quarter. State of Michigan Retirement System now owns 71,041 shares of the financial services provider’s stock valued at $1,949,000 after buying an additional 400 shares during the last quarter. Kera Capital Partners Inc. lifted its stake in shares of Columbia Banking System by 5.7% in the first 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. Finally, Quadrant Capital Group LLC boosted its position in Columbia Banking System by 1.2% during the fourth quarter. Quadrant Capital Group LLC now owns 38,350 shares of the financial services provider’s stock worth $1,072,000 after acquiring an additional 444 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

Insider Buying and Selling at Columbia Banking System

In related news, CMO David Moore Devine sold 3,872 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were 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 owned 18,636 shares of the company’s stock, valued at approximately $554,793.72. This trade represents a 17.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Columbia Banking System Stock Up 1.1%

Shares of Columbia Banking System stock opened at $30.80 on Friday. The firm has a market cap of $8.71 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. Columbia Banking System, Inc. has a 52 week low of $23.83 and a 52 week high of $33.67. The business’s fifty day simple moving average is $31.55 and its 200-day simple moving average is $29.98.

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

Columbia Banking System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, August 28th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, August 28th. Columbia Banking System’s dividend payout ratio is currently 58.96%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COLB. Stephens raised their target price 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. DA Davidson raised Columbia Banking System from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $36.00 in a research note on Tuesday, September 1st. Royal Bank Of Canada upped their target price on Columbia Banking System from $34.00 to $35.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Fundamental Research set a $35.00 price target on Columbia Banking System in a report on Wednesday, July 1st. Finally, Zacks Research raised shares of Columbia Banking System from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.62.

Check Out Our Latest Analysis on COLB

Columbia Banking System 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.