COLB trades at 7.5x forward operating earnings
Columbia Banking System, Inc.’s share was trading at $29.18 as of June 2nd. The company’s trailing and forward P/E were 11.37 and 9.51 respectively.
The market remains concerned about integration costs from the Pacific Premier acquisition. However, management has clarified that the reported 4.06% NIM included temporary benefits.
Core operating performance remains robust, with operating EPS of $3.25 in FY2025 expected to grow to $3.48 in FY2026. At roughly $26 per share, COLB offers a 5.7% dividend yield.
The company has a total valuation of $66.8 billion and $127 million in specific investments, but the current stock price may not reflect its true value.