Wedbush Weighs in on Columbia Banking System, Inc.’s FY2026 Earnings (NASDAQ:COLB)

Columbia Banking System, Inc. (NASDAQ:COLB) – Research analysts at Wedbush issued their FY2026 earnings per share (EPS) estimates for shares of Columbia Banking System in a research report issued on Tuesday, September 24th. Wedbush analyst D. Chiaverini forecasts that the financial services provider will earn $2.75 per share for the year. Wedbush currently has a “Outperform” rating and a $31.00 price objective on the stock. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.55 per share.

A number of other analysts also recently commented on COLB. Wells Fargo & Company upped their price objective on Columbia Banking System from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods upped their price target on Columbia Banking System from $23.00 to $27.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their price objective on Columbia Banking System from $21.00 to $26.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Piper Sandler reiterated an “overweight” rating and set a $27.00 target price on shares of Columbia Banking System in a report on Wednesday, June 5th. Finally, Truist Financial dropped their target price on shares of Columbia Banking System from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Columbia Banking System currently has an average rating of “Hold” and an average price target of $25.42.

Columbia Banking System Stock Performance

Columbia Banking System stock opened at $26.08 on Wednesday. Columbia Banking System has a 1 year low of $17.08 and a 1 year high of $28.11. The firm has a 50 day moving average price of $24.37 and a 200 day moving average price of $21.00. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 11.19 and a beta of 0.64.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Columbia Banking System had a return on equity of 10.89% and a net margin of 15.94%. The firm had revenue of $472.15 million for the quarter, compared to analyst estimates of $476.01 million. During the same period last year, the company earned $0.81 EPS. The firm’s quarterly revenue was down 9.8% on a year-over-year basis.

Institutional Trading of Columbia Banking System

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Picton Mahoney Asset Management purchased a new position in Columbia Banking System in the second quarter valued at about $33,000. Abich Financial Wealth Management LLC boosted its stake in shares of Columbia Banking System by 85.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,219 shares of the financial services provider’s stock valued at $43,000 after buying an additional 1,020 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Columbia Banking System by 144.0% during the second quarter. GAMMA Investing LLC now owns 2,350 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,387 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Columbia Banking System by 111.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,618 shares of the financial services provider’s stock worth $52,000 after buying an additional 1,380 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of Columbia Banking System by 137,166.7% in the second quarter. Hexagon Capital Partners LLC now owns 4,118 shares of the financial services provider’s stock worth $82,000 after buying an additional 4,115 shares during the last quarter. 92.53% of the stock is owned by hedge funds and other institutional investors.

Columbia Banking System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 23rd were given a $0.36 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 5.52%. Columbia Banking System’s payout ratio is currently 61.80%.

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.