Columbia Banking System, Inc. (NASDAQ:COLB) Given Consensus Recommendation of “Hold” by Analysts

Columbia Banking System, Inc. (NASDAQ:COLB) has earned an average rating of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $30.38.

Several equities analysts recently commented on COLB shares. Barclays increased their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. UBS Group assumed coverage on Columbia Banking System in a research note on Tuesday, December 17th. They set a “neutral” rating and a $32.00 price objective on the stock. StockNews.com raised Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Truist Financial raised their price target on Columbia Banking System from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Finally, Raymond James boosted their price objective on Columbia Banking System from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Columbia Banking System by 54.9% during the third quarter. GAMMA Investing LLC now owns 3,640 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,290 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Columbia Banking System by 1,507.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,855 shares of the financial services provider’s stock worth $127,000 after buying an additional 4,553 shares during the period. Hexagon Capital Partners LLC grew its position in shares of Columbia Banking System by 26.5% in the 3rd quarter. Hexagon Capital Partners LLC now owns 5,209 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,091 shares during the period. Signaturefd LLC increased its stake in shares of Columbia Banking System by 14.0% in the 3rd quarter. Signaturefd LLC now owns 5,767 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 709 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Columbia Banking System by 14.9% during the 4th quarter. Blue Trust Inc. now owns 6,745 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 875 shares during the period. Institutional investors own 92.53% of the company’s stock.

Columbia Banking System Stock Down 1.1 %

Shares of COLB stock opened at $27.63 on Thursday. The business has a 50-day moving average price of $28.64 and a two-hundred day moving average price of $26.88. Columbia Banking System has a 12-month low of $17.08 and a 12-month high of $32.85. The firm has a market cap of $5.79 billion, a P/E ratio of 11.96 and a beta of 0.67.

Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. Columbia Banking System had a return on equity of 10.13% and a net margin of 16.15%. As a group, research analysts expect that Columbia Banking System will post 2.66 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a dividend of $0.36 per share. The ex-dividend date was Friday, November 29th. This represents a $1.44 annualized dividend and a yield of 5.21%. Columbia Banking System’s payout ratio is 62.34%.

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.