DA Davidson Has Pessimistic Outlook of COLB FY2025 Earnings

Columbia Banking System, Inc. (NASDAQ:COLB) – Stock analysts at DA Davidson decreased their FY2025 earnings estimates for Columbia Banking System in a report released on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.67 per share for the year, down from their prior estimate of $2.70. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.63 per share.

Several other research analysts also recently commented on the company. UBS Group began coverage on Columbia Banking System in a research note on Tuesday, December 17th. They issued a “neutral” rating and a $32.00 price objective for the company. Truist Financial increased their target price on shares of Columbia Banking System from $28.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on shares of Columbia Banking System from $30.00 to $34.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Raymond James raised their target price on shares of Columbia Banking System from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Barclays upped their price target on Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Columbia Banking System presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Columbia Banking System Price Performance

Shares of Columbia Banking System stock opened at $27.57 on Monday. The business has a 50 day simple moving average of $29.45 and a two-hundred day simple moving average of $25.42. The stock has a market capitalization of $5.78 billion, a P/E ratio of 11.94 and a beta of 0.64. Columbia Banking System has a 12 month low of $17.08 and a 12 month high of $32.85.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.07. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. The firm had revenue of $765.06 million during the quarter, compared to the consensus estimate of $478.80 million. During the same quarter in the prior year, the firm earned $0.79 EPS.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COLB. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Columbia Banking System by 1.6% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,330,133 shares of the financial services provider’s stock valued at $46,346,000 after acquiring an additional 36,867 shares during the period. Pathstone Holdings LLC grew its holdings in shares of Columbia Banking System by 45.7% in the third quarter. Pathstone Holdings LLC now owns 120,888 shares of the financial services provider’s stock valued at $3,156,000 after purchasing an additional 37,941 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Columbia Banking System by 439.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,877 shares of the financial services provider’s stock worth $2,086,000 after buying an additional 65,072 shares in the last quarter. Jane Street Group LLC boosted its position in Columbia Banking System by 219.3% in the 3rd quarter. Jane Street Group LLC now owns 212,889 shares of the financial services provider’s stock valued at $5,559,000 after buying an additional 146,219 shares during the period. Finally, Leuthold Group LLC acquired a new position in shares of Columbia Banking System in the third quarter worth $3,181,000. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Banking System Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Friday, November 29th. Columbia Banking System’s dividend payout ratio (DPR) is 62.34%.

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.