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Columbia Banking System, Inc. (COLB)

Financial Services | Banks - Regional | Tacoma, United States | NasdaqGS
29.09 USD -0.59 (-1.988%) ⇩ (April 21, 2026, 4 p.m. EDT)

Short-term:★★★☆☆Long-term:★★★★☆Dividends:★★★★★
Hot Take | April 19, 2026, 6:23 p.m. EDT

Columbia Banking System is a compelling long-term 'defensive reversion' play for income investors, currently trading at an attractive 8.7x forward P/E and yielding a robust 4.93% dividend that has been successfully increased or stabilized (payout ratio ~63%). While the 45-day forecasting model is slightly negative (-1.8%) and options flow is heavily weighted toward downside protection/hedging, the price action has been resilient, posting gains against the 200-day moving average and aligning closely with the $32 short-term target. The 'hot take' is to hold despite short-term noise: the high dividend yield and solid ROE (>8%) justify the wait for a technical bounce, making it a buy-and-hold candidate for the next 12-24 months rather than a high-momentum trade.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.047476
AutoARIMA0.047480
MSTL0.047486
AutoTheta0.066233

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 80%
H-stat 0.23
Ljung-Box p 0.000
Jarque-Bera p 0.322
Excess Kurtosis -1.08
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-02-26
Last Dividend Date 2026-02-26
Revenue per Share 9.037
Market Cap 8,597,569,536
Trailing P/E 12.65
Forward P/E 8.53
Beta 0.68
Profit Margins 25.57%
Previous Name Umpqua Holdings Corporation
Website https://www.columbiabankingsystem.com

As of April 19, 2026, 6:23 p.m. EDT: Options flow indicates strong defensive positioning among speculators with significant Open Interest (OI) and Volume concentrated in downside strikes ($17.50 and $25.00 puts) dominating the May 15 expiration. The put volume vastly exceeds call volume (roughly 80% vs 20% of total explicitly listed calls), signaling a bearish sentiment or hedging program rather than aggressive upside speculation. However, the presence of significant OI concentration at $35.00 OTM calls suggests a distinct minority is positioning for a sharp upside move. Implied Volatility (IV) is elevated on near-term puts (0.76-0.95) compared to calls (0.40), implying the market prices in a higher probability of downside moves.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.30% 5.63% 6.74% 5.81%
Dividend History
Date Dividend Yield %
2026-02-27 0.370000 1.300527
2025-11-28 0.370000 1.351124
2025-08-29 0.360000 1.379254
2025-05-30 0.360000 1.600501
2025-02-28 0.360000 1.421360
2024-11-29 0.360000 1.241948
2024-08-23 0.360000 1.560126
2024-05-23 0.360000 2.098553
2024-02-22 0.360000 2.226254
2023-11-22 0.360000 1.878643
2023-08-24 0.360000 2.116535
2023-05-30 0.360000 2.056162
2023-02-03 0.300000 1.106922
2022-10-14 0.300000 1.222495
2022-08-02 0.300000 1.246407
2022-05-03 0.300000 1.257593
2022-02-01 0.300000 1.078051
2021-10-12 0.300000 1.124241
2021-08-10 0.280000 0.957776
2021-05-11 0.280000 0.840227
2021-02-09 0.280000 0.843480
2020-11-09 0.280000 1.095338
2020-08-04 0.280000 1.281430
2020-05-13 0.280000 1.824100
2020-02-04 0.500000 1.694406
2019-11-05 0.280000 0.944567
2019-08-06 0.280000 1.116940
2019-05-07 0.420000 1.547509
2019-02-05 0.420000 1.593286
2018-11-06 0.400000 1.510889
2018-08-07 0.260000 0.889287
2018-05-08 0.260000 0.897247
2018-02-06 0.220000 0.764951
2017-10-30 0.220000 0.742754
2017-08-07 0.220000 0.823443
2017-05-08 0.220000 0.798189
2017-02-06 0.220000 0.824810
2016-11-07 0.390000 1.743599
2016-08-08 0.390000 1.850750
2016-05-09 0.370000 2.002892
2016-02-08 0.380000 2.113414
2015-11-06 0.360000 1.591264
2015-08-03 0.340000 1.650942
2015-05-04 0.340000 1.851069
2015-02-09 0.300000 1.772206
2014-10-29 0.300000 1.808013
2014-08-04 0.280000 1.839199
2014-05-05 0.240000 1.618723
2014-02-03 0.120000 0.801329
2013-11-04 0.110000 0.718569
2013-08-05 0.100000 0.671069
2013-05-06 0.100000 0.796379
2013-02-04 0.100000 0.849700
2012-11-05 0.090000 0.895455
2012-08-06 0.300000 2.890062
2012-05-07 0.220000 1.966462
2012-02-06 0.370000 3.081126
2011-11-07 0.130000 1.282459
2011-08-08 0.060000 0.728740
2011-05-09 0.050000 0.508552
2011-02-15 0.030000 0.280702
2010-11-08 0.010000 0.097330
2010-08-09 0.010000 0.105785
2010-05-10 0.010000 0.082199
2010-02-08 0.010000 0.102248
2009-11-09 0.010000 0.126215
2009-08-03 0.010000 0.151419
2009-05-04 0.010000 0.172524
2009-02-09 0.040000 0.767633
2008-11-03 0.070000 0.816650
2008-08-04 0.170000 2.082480
2008-05-05 0.170000 1.170866
2008-02-04 0.170000 1.319405
2007-11-05 0.170000 1.156752
2007-08-06 0.170000 1.229962
2007-05-07 0.170000 1.076248
2007-02-05 0.150000 0.850638
2006-11-06 0.150000 0.919577
2006-08-07 0.150000 0.954268
2006-05-08 0.140000 0.810214
2006-02-06 0.130000 0.781620
2005-11-07 0.120000 0.806254
2005-08-08 0.110000 0.878562
2005-05-10 0.090000 0.766960
2005-02-07 0.070000 0.575490
2004-11-08 0.070000 0.575958
2004-08-09 0.070000 0.689906
2004-05-10 0.070000 0.620512
2004-02-09 0.047619 0.440012
2003-11-03 0.047619 0.512824
2003-08-05 0.047619 0.552504
2003-05-05 0.047619 0.640558
Additional Data
dividendRate 1.46
dividendYield 5.02
exDividendDate 2026-02-27
trailingAnnualDividendRate 1.45
trailingAnnualDividendYield 0.048854448
lastDividendValue 0.37
lastDividendDate 2026-02-27
dividendDate 2026-03-16

Info Dump

Attribute Value
52 Week Change 0.23681974
Address1 1,301 A Street
Address2 Suite 800 P.O. Box 2156
All Time High 50.68
All Time Low 3.615444
Ask 29.37
Ask Size 23
Audit Risk 1
Average Analyst Rating 2.5 - Hold
Average Daily Volume10 Day 2,480,790
Average Daily Volume3 Month 3,038,786
Average Volume 3,038,786
Average Volume10Days 2,480,790
Beta 0.683
Bid 28.9
Bid Size 23
Board Risk 3
Book Value 26.538
City Tacoma
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 1
Country United States
Crypto Tradeable 0
Currency USD
Current Price 29.09
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 29.95
Day Low 29.04
Display Name Columbia Banking System
Dividend Date 1,773,619,200
Dividend Rate 1.46
Dividend Yield 5.02
Earnings Call Timestamp End 1,776,978,000
Earnings Call Timestamp Start 1,776,978,000
Earnings Growth 0.06
Earnings Quarterly Growth 0.493
Earnings Timestamp 1,776,974,400
Earnings Timestamp End 1,776,974,400
Earnings Timestamp Start 1,776,974,400
Ebitda Margins 0.0
Enterprise To Revenue 4.805
Enterprise Value 10,336,569,344
Eps Current Year 3.05865
Eps Forward 3.40836
Eps Trailing Twelve Months 2.3
Esg Populated 0
Ex Dividend Date 1,772,150,400
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 28.6814
Fifty Day Average Change 0.40859985
Fifty Day Average Change Percent 0.014246161
Fifty Two Week Change Percent 23.681974
Fifty Two Week High 32.7
Fifty Two Week High Change -3.6100006
Fifty Two Week High Change Percent -0.11039757
Fifty Two Week Low 21.91
Fifty Two Week Low Change 7.1800003
Fifty Two Week Low Change Percent 0.32770425
Fifty Two Week Range 21.91 - 32.7
Financial Currency USD
First Trade Date Milliseconds 708,701,400,000
Float Shares 293,136,038
Forward Eps 3.40836
Forward P E 8.534897
Full Exchange Name NasdaqGS
Full Time Employees 6,005
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.0
Gross Profits 2,151,000,064
Has Pre Post Market Data 1
Held Percent Insiders 0.0072500003
Held Percent Institutions 1.0196099
Implied Shares Outstanding 295,550,687
Industry Banks - Regional
Industry Disp Banks - Regional
Industry Key banks-regional
Ir Website http://www.snl.com/irweblinkx/corporateprofile.aspx?iid=100754
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,772,150,400
Last Dividend Value 0.37
Last Fiscal Year End 1,767,139,200
Last Split Date 1,084,147,200
Last Split Factor 105:100
Long Business Summary Columbia Banking System, Inc. operates as the bank holding company for Columbia 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, insured cash sweep and other investment sweep solutions, and certificates of deposit. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans, permanent financing, small business administration program financing, and capital markets services. In addition, the company offers wealth management, comprising financial planning, investment, trust, insurance, and private banking solutions, as well as treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, foreign exchange, trade and supply chain finance, international banking related products, and merchant services. Further, it provides residential real estate loans and consumer loans. The company serves corporate, institutional, small business, and individual customers in the United States. Columbia Banking System, Inc. was founded in 1953 and is based in Tacoma, Washington.
Long Name Columbia Banking System, Inc.
Market us_market
Market Cap 8,597,569,536
Market State PRE
Max Age 86,400
Message Board Id finmb_386159
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-20
Net Income To Common 549,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 8,435,921,183
Number Of Analyst Opinions 13
Open 29.68
Operating Cashflow 746,000,000
Operating Margins 0.52882
Overall Risk 1
Payout Ratio 0.6304
Phone 253 305 1900
Prev Name Umpqua Holdings Corporation
Previous Close 29.68
Price Eps Current Year 9.510732
Price Hint 2
Price To Book 1.096164
Price To Sales Trailing12 Months 3.9970105
Profit Margins 0.2557
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.53846
Region US
Regular Market Change -0.59
Regular Market Change Percent -1.98787
Regular Market Day High 29.95
Regular Market Day Low 29.04
Regular Market Day Range 29.04 - 29.95
Regular Market Open 29.68
Regular Market Previous Close 29.68
Regular Market Price 29.09
Regular Market Time 1,776,801,601
Regular Market Volume 1,834,195
Return On Assets 0.00929
Return On Equity 0.08489
Revenue Growth 0.512
Revenue Per Share 9.037
Sand P52 Week Change 0.3140242
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Share Holder Rights Risk 2
Shares Outstanding 289,993,853
Shares Percent Shares Out 0.038599998
Shares Short 11,193,403
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 11,162,309
Short Name Columbia Banking System, Inc.
Short Percent Of Float 0.0388
Short Ratio 3.64
Source Interval 15
State WA
Symbol COLB
Target High Price 35.0
Target Low Price 28.0
Target Mean Price 31.38462
Target Median Price 31.0
Total Cash 2,448,000,000
Total Cash Per Share 8.283
Total Debt 4,187,000,064
Total Revenue 2,151,000,064
Tradeable 0
Trailing Annual Dividend Rate 1.45
Trailing Annual Dividend Yield 0.048854448
Trailing Eps 2.3
Trailing P E 12.647826
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 27.25085
Two Hundred Day Average Change 1.8391495
Two Hundred Day Average Change Percent 0.06748962
Type Disp Equity
Volume 1,834,195
Website https://www.columbiabankingsystem.com
Zip 98,402-4200