Silvercrest Asset Management Group 13F: Cuts COLB Stake by $5M

Silvercrest Trims Columbia Banking System Holdings

Silvercrest Asset Management Group reduced its holdings in Columbia Banking System, Inc. COLB by selling 159,557 shares during the period. According to a Form 13F filed with the U.S. Securities and Exchange Commission, the firm wrapped up the quarter with 4,147,429 shares. That position carried an estimated value of $129.86 million at the reporting date. Because 13F filings look backward at earlier trading activity, this update shows the position as of May 15, 2026, and may not reflect the firm's current holdings today.

Position Details and Share Adjustment

The reduction brought Silvercrest's stake down by 3.7% compared to the previous quarter, when the firm held 4,306,986 shares. The reported cost basis sits at $24.94 per share. Even after trimming the position, the regional bank remains a notable holding for the asset manager.

Stock Performance and Trading Levels

Columbia Banking System shares recently changed hands at $31.31. The stock trades above its 200-day moving average of $29.80 and near its 50-day moving average of $31.16. Over the past year, the shares have moved between a low of $23.83 and a high of $33.68.

Recent Earnings and Financial Health

The regional lender generated $2.50 billion in revenue over the trailing period, alongside a net margin of 28.4% and a return on equity of 11.0%. Earnings per share came in at $2.54, supported by a price-to-earnings ratio of 11.8 and a forward P/E ratio of 9.1. The bank's next quarterly financial report is scheduled for release on October 29, 2026.

Dividend Payouts

Investors receive an annual dividend of $1.48 per share, translating to a dividend yield of 4.95% based on recent trading levels. The payout ratio sits at 57.9%, pointing to a steady return of capital to shareholders alongside ongoing banking operations.

Analysts Set New Price Targets

Wall Street firms have kept a steady eye on the regional lender through recent months. On September 1, 2026, DA Davidson upgraded the stock to a Buy rating with a $36.00 price target. Later in the month, on September 22, 2026, Citigroup maintained a Neutral rating with a $31.00 target. Wells Fargo kept an Equal-Weight rating with a $32.00 target on September 30, 2026. JP Morgan maintained a Neutral rating and set its target at $33.00 on October 1, 2026. Barclays maintained an Equal-Weight rating with a $32.00 target on October 5, 2026, while TD Cowen also kept a Hold rating with a $32.00 target on the same day. RBC Capital maintained a Sector Perform rating with a $32.00 target on October 9, 2026. Deutsche Bank initiated coverage with a Hold rating and a $32.00 target on October 13, 2026. Across the broader analyst community, the stock holds a consensus Buy recommendation with a mean price target of $34.29.

About Columbia Banking System

Columbia Banking System, Inc. operates as the bank holding company for Columbia Bank, delivering a range of financial services to customers across the United States. The institution provides traditional deposit accounts, commercial lending, wealth management, and treasury solutions to individuals and businesses. This transaction highlights how institutional managers adjust their exposure to regional lenders as macroeconomic conditions evolve.

What's Ahead for COLB

Market participants tracking Silvercrest will look to subsequent quarterly filings to see whether the firm continues to trim its regional bank holdings or stabilizes its position. Meanwhile, investors will watch the upcoming earnings release in late October for fresh insights into the bank's loan portfolio and net interest margins.