Walleye Capital LLC Invests $560,000 in Columbia Banking System, Inc. $COLB

Walleye Capital LLC acquired a new stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,431 shares of the financial services provider’s stock, valued at approximately $560,000.

Several other hedge funds have also made changes to their positions in the stock. BW Gestao de Investimentos Ltda. bought a new position in shares of Columbia Banking System during the 4th quarter worth about $9,782,000. Easterly Investment Partners LLC boosted its position in shares of Columbia Banking System by 10.6% during the 4th quarter. Easterly Investment Partners LLC now owns 713,206 shares of the financial services provider’s stock valued at $19,934,000 after acquiring an additional 68,388 shares in the last quarter. TD Asset Management Inc increased its stake in Columbia Banking System by 12.0% in the fourth quarter. TD Asset Management Inc now owns 461,928 shares of the financial services provider’s stock valued at $12,911,000 after acquiring an additional 49,454 shares during the period. Oak Thistle LLC bought a new stake in Columbia Banking System in the fourth quarter valued at about $2,192,000. Finally, Norges Bank acquired a new position in Columbia Banking System in the fourth quarter worth about $103,012,000. 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: Columbia Banking System reported Q2 2026 earnings of $0.76 per share, beating estimates of $0.73 and matching last year’s EPS, while management said the results reflect resilient franchise performance and disciplined execution. Columbia Banking System, Inc. Reports Second Quarter 2026 Results
• Positive Sentiment: Higher net interest income and fee income helped offset expense pressure and weaker loan/deposit balances, reinforcing the earnings beat and supporting the stock. Columbia Banking Q2 Earnings Top Estimates on Higher NII & Fee Income
• Positive Sentiment: Analysts responded favorably after the results, with Keefe, Bruyette & Woods, RBC, and Stephens all raising price targets to $35-$36, signaling improved expectations for COLB. Benzinga analyst updates
• Positive Sentiment: The company completed a $497 million buyback, which can support earnings per share and is typically viewed positively by investors. Columbia Banking System (COLB) Completes $497 Million Buyback As Q2 Earnings Arrive
• Neutral Sentiment: Revenue came in slightly below Wall Street expectations, so the earnings beat was not broad-based across all top-line metrics. Earnings report and conference call materials
• Neutral Sentiment: Short-interest data showed no meaningful change, so it does not appear to be a driver of the stock’s move today.

Columbia Banking System Stock Down 3.4%

Shares of Columbia Banking System stock opened at $31.15 on Friday. Columbia Banking System, Inc. has a 12-month low of $22.77 and a 12-month high of $33.67. The stock has a market capitalization of $9.02 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.20 and a beta of 0.62. The company has a 50-day simple moving average of $30.99 and a 200 day simple moving average of $29.70.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The firm had revenue of $680.00 million for the quarter, compared to analyst estimates of $687.40 million. Columbia Banking System had a net margin of 19.96% and a return on equity of 11.25%. During the same period in the previous year, the business earned $0.76 earnings per share. On average, equities analysts anticipate that Columbia Banking System, Inc. will post 3.05 earnings per share for the current year.

Columbia Banking System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.37 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.8%. Columbia Banking System’s payout ratio is 58.96%.

Insider Activity

In other news, CMO Devine David Moore sold 3,872 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $29.77, for a total value of $115,269.44. Following the transaction, the chief marketing officer directly owned 18,636 shares of the company’s stock, valued at $554,793.72. The trade was a 17.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays raised their price target on shares of Columbia Banking System from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday. Wells Fargo & Company upped their price objective on Columbia Banking System from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their target price on Columbia Banking System from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods raised their target price on Columbia Banking System from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wall Street Zen lowered Columbia Banking System from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.27.

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.