Columbia Banking System, Inc. (NASDAQ:COLB) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. boosted its position in Columbia Banking System, Inc. (NASDAQ:COLBFree Report) by 32.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,939,877 shares of the financial services provider’s stock after buying an additional 967,009 shares during the quarter. American Century Companies Inc. owned approximately 1.89% of Columbia Banking System worth $79,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SNC boosted its position in shares of Columbia Banking System by 0.9% during the third quarter. BNP Paribas Arbitrage SNC now owns 37,012 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 337 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in shares of Columbia Banking System by 2.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 16,825 shares of the financial services provider’s stock worth $486,000 after buying an additional 362 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Columbia Banking System by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 91,302 shares of the financial services provider’s stock worth $1,853,000 after buying an additional 460 shares during the period. Global Retirement Partners LLC boosted its position in shares of Columbia Banking System by 27.2% during the third quarter. Global Retirement Partners LLC now owns 2,489 shares of the financial services provider’s stock worth $47,000 after buying an additional 533 shares during the period. Finally, Caprock Group LLC lifted its position in Columbia Banking System by 1.6% in the third quarter. Caprock Group LLC now owns 33,903 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 545 shares during the period. 89.82% of the stock is owned by institutional investors.

Columbia Banking System Stock Down 4.2 %

NASDAQ:COLB opened at $18.46 on Friday. The firm has a 50-day moving average price of $20.85 and a 200 day moving average price of $21.52. Columbia Banking System, Inc. has a 12-month low of $17.18 and a 12-month high of $28.11. The firm has a market capitalization of $3.85 billion, a PE ratio of 11.19 and a beta of 0.70.

Columbia Banking System (NASDAQ:COLBGet Free Report) last released its earnings results on Wednesday, January 24th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.35). Columbia Banking System had a return on equity of 10.27% and a net margin of 12.71%. The business had revenue of $519.16 million for the quarter, compared to analyst estimates of $525.94 million. During the same period in the prior year, the firm posted $0.93 EPS. Columbia Banking System’s revenue was up 52.5% on a year-over-year basis. On average, research analysts expect that Columbia Banking System, Inc. will post 2.37 EPS for the current year.

Columbia Banking System Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 23rd were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 7.80%. The ex-dividend date was Thursday, February 22nd. Columbia Banking System’s dividend payout ratio (DPR) is 87.27%.

Analysts Set New Price Targets

A number of research firms have weighed in on COLB. StockNews.com downgraded Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet downgraded shares of Columbia Banking System from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. Raymond James cut shares of Columbia Banking System from a “strong-buy” rating to an “outperform” rating and set a $25.00 price objective for the company. in a report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price objective on shares of Columbia Banking System from $30.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, January 26th. Finally, Stephens cut shares of Columbia Banking System from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $31.00 to $24.00 in a report on Thursday, January 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Columbia Banking System has a consensus rating of “Hold” and an average target price of $23.81.

Get Our Latest Stock Analysis on Columbia Banking System

Insider Activity at Columbia Banking System

In related news, CEO Clint Stein acquired 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were acquired at an average cost of $20.96 per share, with a total value of $199,120.00. Following the transaction, the chief executive officer now owns 165,684 shares of the company’s stock, valued at approximately $3,472,736.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Clint Stein acquired 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were acquired at an average cost of $20.96 per share, with a total value of $199,120.00. Following the transaction, the chief executive officer now owns 165,684 shares of the company’s stock, valued at approximately $3,472,736.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Elizabeth Whitehead Seaton acquired 2,685 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average cost of $18.48 per share, for a total transaction of $49,618.80. Following the completion of the transaction, the director now directly owns 25,001 shares in the company, valued at approximately $462,018.48. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 35,133 shares of company stock valued at $719,737. 0.50% of the stock is owned by corporate insiders.

Columbia Banking System Company Profile

(Free Report)

Columbia Banking System, Inc operates as the holding company of Umpqua 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, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.

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Institutional Ownership by Quarter for Columbia Banking System (NASDAQ:COLB)

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