Columbia Banking System (NASDAQ:COLB) Price Target Raised to $35.00

Columbia Banking System (NASDAQ:COLB) had its target price boosted by investment analysts at Wedbush from $31.00 to $35.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Wedbush’s price target suggests a potential upside of 25.45% from the company’s previous close. Wedbush also issued estimates for Columbia Banking System’s Q4 2024 earnings at $0.65 EPS, 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.

Other research analysts have also issued research reports about the company. StockNews.com upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. JPMorgan Chase & Co. lowered their target price 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. Keefe, Bruyette & Woods increased their target price on shares of Columbia Banking System from $23.00 to $27.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Wells Fargo & Company lifted their price target on shares of Columbia Banking System from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Stephens increased their price objective on shares of Columbia Banking System from $22.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Columbia Banking System currently has a consensus rating of “Hold” and a consensus target price of $26.96.

Columbia Banking System Price Performance

NASDAQ COLB opened at $27.90 on Friday. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 11.97 and a beta of 0.64. Columbia Banking System has a 12 month low of $17.08 and a 12 month high of $28.62. The company’s fifty day moving average price is $25.49 and its two-hundred day moving average price is $22.24.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. The business had revenue of $765.06 million for the quarter, compared to analysts’ expectations of $478.80 million. Columbia Banking System had a net margin of 15.94% and a return on equity of 10.89%. During the same quarter last year, the company posted $0.79 earnings per share. As a group, analysts anticipate that Columbia Banking System will post 2.55 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. LSV Asset Management acquired a new position in shares of Columbia Banking System in the first quarter worth about $2,850,000. BNP Paribas Financial Markets grew its holdings in shares of Columbia Banking System by 185.1% during the first quarter. BNP Paribas Financial Markets now owns 173,776 shares of the financial services provider’s stock valued at $3,363,000 after buying an additional 112,826 shares in the last quarter. First Hawaiian Bank raised its position in Columbia Banking System by 81.4% during the second quarter. First Hawaiian Bank now owns 52,594 shares of the financial services provider’s stock valued at $1,046,000 after buying an additional 23,597 shares during the period. Vanguard Group Inc. lifted its stake in Columbia Banking System by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 22,327,719 shares of the financial services provider’s stock worth $432,041,000 after acquiring an additional 574,509 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Columbia Banking System by 7.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 420,374 shares of the financial services provider’s stock worth $8,135,000 after acquiring an additional 29,728 shares during the period. Institutional investors own 92.53% of the company’s stock.

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.