Research Analysts Offer Predictions for COLB Q4 Earnings

Columbia Banking System, Inc. (NASDAQ:COLB) – Analysts at Wedbush boosted their Q4 2024 earnings per share (EPS) estimates for Columbia Banking System in a note issued to investors on Thursday, October 24th. Wedbush analyst D. Chiaverini now expects that the financial services provider will post earnings per share of $0.65 for the quarter, up from their prior forecast of $0.63. Wedbush currently has a “Outperform” rating and a $35.00 target price on the stock. The consensus estimate for Columbia Banking System’s current full-year earnings is $2.55 per share. Wedbush also issued estimates for Columbia Banking System’s Q1 2025 earnings at $0.67 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.71 EPS, Q2 2026 earnings at $0.71 EPS, Q3 2026 earnings at $0.72 EPS and FY2026 earnings at $2.85 EPS.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $765.06 million for the quarter, compared to the consensus estimate of $478.80 million. Columbia Banking System had a return on equity of 10.89% and a net margin of 15.94%. During the same quarter in the previous year, the company posted $0.79 EPS.

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Columbia Banking System from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Barclays lifted their price target on Columbia Banking System from $25.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Friday. Keefe, Bruyette & Woods upped their price objective on Columbia Banking System from $23.00 to $27.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Wells Fargo & Company lifted their target price on Columbia Banking System from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Royal Bank of Canada increased their price target on Columbia Banking System from $29.00 to $31.00 and gave the company a “sector perform” rating in a report on Friday. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Columbia Banking System has a consensus rating of “Hold” and an average price target of $26.96.

Columbia Banking System Stock Performance

Shares of COLB opened at $27.90 on Monday. The stock has a market capitalization of $5.84 billion, a PE ratio of 11.97 and a beta of 0.64. The company’s fifty day moving average is $25.49 and its 200 day moving average is $22.26. Columbia Banking System has a fifty-two week low of $17.08 and a fifty-two week high of $28.62.

Institutional Trading of Columbia Banking System

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System increased its stake in shares of Columbia Banking System by 1.5% during the third quarter. New York State Teachers Retirement System now owns 288,387 shares of the financial services provider’s stock valued at $7,530,000 after buying an additional 4,123 shares during the period. Nisa Investment Advisors LLC increased its position in Columbia Banking System by 2.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 49,063 shares of the financial services provider’s stock valued at $1,281,000 after purchasing an additional 1,110 shares during the period. Leuthold Group LLC bought a new stake in shares of Columbia Banking System in the 3rd quarter valued at about $3,181,000. State of Alaska Department of Revenue raised its holdings in shares of Columbia Banking System by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,177 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Columbia Banking System by 9.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 38,712 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 3,300 shares during the period. Institutional investors own 92.53% of the company’s stock.

Columbia Banking System Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 23rd were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend was Friday, August 23rd. Columbia Banking System’s dividend payout ratio (DPR) is presently 61.80%.

Columbia Banking System Company Profile

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.