Keeley Teton Advisors LLC reduced its position in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 19.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381,471 shares of the financial services provider’s stock after selling 91,724 shares during the period. Keeley Teton Advisors LLC owned approximately 0.52% of Columbia Banking System worth $16,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COLB. Flinton Capital Management LLC raised its holdings in Columbia Banking System by 98.1% during the second quarter. Flinton Capital Management LLC now owns 3,328 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 1,648 shares in the last quarter. D.A. Davidson & CO. raised its holdings 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 purchasing an additional 73 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Columbia Banking System during the third quarter worth about $202,000. Riverhead Capital Management LLC raised its holdings in 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 worth $210,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Shelton Capital Management purchased a new position in Columbia Banking System during the second quarter worth about $230,000. 76.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on COLB shares. Zacks Investment Research raised shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, October 31st. DA Davidson restated a “buy” rating and set a $48.00 target price (up from $45.00) on shares of Columbia Banking System in a research report on Tuesday, October 17th. Royal Bank Of Canada restated a “hold” rating and set a $42.00 target price on shares of Columbia Banking System in a research report on Friday, September 8th. Finally, BidaskClub lowered shares of Columbia Banking System from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.60.

In other Columbia Banking System news, CAO Barry Ray sold 750 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $46.87, for a total transaction of $35,152.50. Following the transaction, the chief accounting officer now directly owns 11,250 shares in the company, valued at $527,287.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.23% of the company’s stock.

Columbia Banking System, Inc. (COLB) opened at $45.56 on Thursday. Columbia Banking System, Inc. has a 1 year low of $35.67 and a 1 year high of $48.06. The firm has a market cap of $3,450.13, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. Columbia Banking System had a net margin of 27.72% and a return on equity of 9.93%. The company had revenue of $126.00 million for the quarter, compared to analyst estimates of $119.16 million. During the same period in the prior year, the business posted $0.47 earnings per share. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year. research analysts forecast that Columbia Banking System, Inc. will post 2.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.88 annualized dividend and a yield of 1.93%. Columbia Banking System’s payout ratio is currently 40.00%.

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Columbia Banking System Company 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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