Dimensional Fund Advisors LP trimmed its stake in Columbia Banking System, Inc. (NASDAQ:COLB) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,788,089 shares of the financial services provider’s stock after selling 122,135 shares during the period. Dimensional Fund Advisors LP owned about 4.78% of Columbia Banking System worth $111,107,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. D.A. Davidson & CO. raised its stake in Columbia Banking System by 2.1% during the second quarter. D.A. Davidson & CO. now owns 3,631 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 73 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Columbia Banking System during the second quarter valued at $188,000. Riverhead Capital Management LLC lifted its holdings in shares of Columbia Banking System by 102.4% during the second quarter. Riverhead Capital Management LLC now owns 5,262 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 2,662 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Columbia Banking System by 0.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,602 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 46 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new position in shares of Columbia Banking System during the first quarter valued at $242,000. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and issued a $42.00 target price on shares of Columbia Banking System in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. BidaskClub cut shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $44.00 price target on shares of Columbia Banking System in a report on Friday, June 16th. Finally, Piper Jaffray Companies raised shares of Columbia Banking System from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $43.00 to $46.00 in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.40.

Shares of Columbia Banking System, Inc. (NASDAQ:COLB) opened at 42.57 on Tuesday. The company’s 50-day moving average price is $38.24 and its 200-day moving average price is $38.80. Columbia Banking System, Inc. has a 12-month low of $31.75 and a 12-month high of $45.68. The firm has a market capitalization of $2.49 billion, a PE ratio of 21.62 and a beta of 1.26.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). Columbia Banking System had a return on equity of 8.99% and a net margin of 25.82%. The firm had revenue of $110.30 million for the quarter, compared to analyst estimates of $112.27 million. During the same quarter in the prior year, the business posted $0.44 EPS. Analysts anticipate that Columbia Banking System, Inc. will post $2.03 EPS for the current year.

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Columbia Banking System Profile

Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.

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

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