Columbia Banking System (NASDAQ:COLB) Stock Price Expected to Rise, DA Davidson Analyst Says

Columbia Banking System (NASDAQ:COLB) had its price objective hoisted by DA Davidson from $30.00 to $32.50 in a research note issued to investors on Friday, Marketbeat reports. The firm currently has a “neutral” rating on the financial services provider’s stock. DA Davidson’s price target suggests a potential upside of 11.27% from the stock’s current price.

Several other analysts have also recently weighed in on COLB. TD Cowen reaffirmed a “hold” rating on shares of Columbia Banking System in a research report on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating and set a $30.00 target price on shares of Columbia Banking System in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Columbia Banking System in a research report on Monday, December 29th. Stephens reaffirmed an “overweight” rating and set a $37.00 price objective on shares of Columbia Banking System in a research report on Friday. Finally, Citigroup lifted their price objective on Columbia Banking System from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Columbia Banking System has an average rating of “Hold” and a consensus target price of $31.27.

Columbia Banking System Stock Performance

COLB stock traded down $0.46 on Friday, reaching $29.21. The company’s stock had a trading volume of 3,110,048 shares, compared to its average volume of 2,336,778. The firm has a market cap of $8.74 billion, a PE ratio of 13.07 and a beta of 0.60. The business has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $26.58. Columbia Banking System has a 12-month low of $19.61 and a 12-month high of $31.11.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.72 by $0.10. Columbia Banking System had a net margin of 15.98% and a return on equity of 11.13%. The business had revenue of $715.00 million during the quarter, compared to analyst estimates of $693.23 million. During the same period in the prior year, the business earned $0.71 EPS. As a group, research analysts anticipate that Columbia Banking System will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Columbia Banking System

A number of hedge funds have recently bought and sold shares of COLB. Verdence Capital Advisors LLC boosted its holdings in shares of Columbia Banking System by 2.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 20,714 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 403 shares during the last quarter. Wedbush Securities Inc. lifted its position in Columbia Banking System by 4.5% during the third quarter. Wedbush Securities Inc. now owns 9,915 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 423 shares during the period. Linden Thomas Advisory Services LLC lifted its position in Columbia Banking System by 0.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 122,428 shares of the financial services provider’s stock valued at $3,422,000 after purchasing an additional 456 shares during the period. Peregrine Asset Advisers Inc. boosted its holdings in Columbia Banking System by 4.9% in the third quarter. Peregrine Asset Advisers Inc. now owns 9,774 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 457 shares during the last quarter. Finally, Sittner & Nelson LLC grew its position in Columbia Banking System by 1.2% in the 3rd quarter. Sittner & Nelson LLC now owns 37,519 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 460 shares during the period. Hedge funds and other institutional investors own 92.53% of the company’s stock.

More Columbia Banking System News

Here are the key news stories impacting Columbia Banking System this week:

• Positive Sentiment: Q4 earnings beat consensus: COLB reported $0.82 EPS vs. $0.72 expected and revenue of $715M vs. ~$693M, demonstrating stronger top‑line and EPS performance. MarketBeat: Q4 results
• Positive Sentiment: Revenue jump and provisions improvement: Coverage notes a ~47% revenue increase year‑over‑year and a decline in provisions, which supports better profitability going forward. Zacks: Revenues & provisions
• Positive Sentiment: Acquisition contribution: Management and media highlight the first full-quarter contribution from the Pacific Premier acquisition as a driver of the stronger results. MSN: Pacific Premier contribution
• Positive Sentiment: Analyst price target bump: RBC raised its target from $30 to $32 (sector perform), signaling modest upside from current levels and some analyst confidence in near‑term outlook. Benzinga: RBC raises PT
• Neutral Sentiment: Management commentary and materials are available (earnings call transcript and slide deck) for deeper detail on loan growth, deposit trends and integration progress. Useful for assessing sustainability of the beat. Press release / slide deck
• Neutral Sentiment: Governance update: Clint Stein (CEO) was elected Chair of the Board — typically neutral but worth noting for continuity in execution and integration oversight. PR Newswire: Chair election
• Negative Sentiment: Rising expenses noted: Coverage flags higher operating expenses even as revenue grew, which could pressure margins if costs remain elevated post‑acquisition. That may temper investor enthusiasm despite the beat. Zacks: expenses noted

Columbia Banking System Company Profile

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.