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COLB

Columbia Banking System, Inc.

Financial Services · $8.1B market cap

Verdict

Share price

$28.92

close of Oct 3, 2026

Fair value

$49.18

Sticker Price

Payback Price

$19.67

buy price

Undervalued

COLB is Undervalued: at $28.92 it trades 41% below its fair value of $49.18. Its buy price (Payback Price) is $19.67, 32% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth13.1% a year✓
Equity per share growth0.2% a year✗
Sales growth10.1% a year✓
Free cash flow growth12.9% a year✓
Return on invested capital3.2%✗

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Superinvestors

2 of the investors we track hold COLB. In Q2 2026, 1 added. Who we track

Richard Pzena

Pzena Investment Management · as of Q2 2026

$68.2M

2,129,322 shares

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$12.3M

384,600 shares

Moves in Q2 2026

Added: First Eagle Investment Management

Insider activity

Since Jun 15, 2026: 1 open-market purchase worth $22K and 6 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Deer Aaron James

EVP Chief Strategy/Innov Offcr · 2026-06-30

Bought

$22K

Other filings

GARDNER STEVEN R

director · 2026-09-04

Award

2,577 shares

LAGOMARSINO SIMONE

director · 2026-09-02

Award

2,670 shares

Giem Judi

EVP CHRO · 2026-08-14

Tax withholding

$21K

Giem Judi

EVP CHRO · 2026-08-14

Option exercise

$78K

Giem Judi

EVP CHRO · 2026-08-14

Option exercise

2,393 shares

Show all 6 other filings

MACHUCA LUIS

director · 2026-06-15

Award

563 shares

About Columbia Banking System, Inc.

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…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works