Colb director Steven Gardner sells $328,616 in stock

Director Steven Gardner of Columbia Banking System, Inc. divested shares of the company's common stock on October 29, 2026. Gardner sold 10,522 shares, amounting to a total value of $328,616. The transactions were executed at prices between $31.215 and $31.245 per share, slightly above the stock's current trading price of $30.70.

The company's market capitalization stands at $8.57 billion, with a price-to-earnings ratio of 10.62. Post-sale, Gardner retains a beneficial ownership of 2,577 shares, while a family trust holds 559,848 shares indirectly. An erratum noted that these shares were incorrectly labeled as indirectly owned. Columbia Banking System has a history of consistent dividend payments for the past 30 years, yielding 4.77%.

Investors can access further insights through the platform's ProTips. The company's third-quarter 2026 earnings report surpassed analyst estimates, with operating earnings per share at $0.82, up from the projected $0.77. Revenue for the quarter amounted to $695 million, exceeding the estimated $687.5 million. The bank's net interest margin expanded to 4.11%, with operating net income and pre-provision net revenue both on the rise year-over-year.

Moreover, TD Cowen increased its price target for Columbia Banking System to $33.00 from $32.00, maintaining a Hold rating, due to the bank's improved profitability and robust financial performance.