Columbia Banking System, Inc. (NASDAQ:COLB) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,223,884 shares of the financial services provider's stock after selling 93,798 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.06% of Columbia Banking System worth $60,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in Columbia Banking System by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 122,274 shares of the financial services provider's stock worth $3,303,000 after purchasing an additional 4,408 shares in the last quarter. Pacer Advisors Inc. grew its position in Columbia Banking System by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 31,238 shares of the financial services provider's stock valued at $844,000 after buying an additional 612 shares during the period. Sanctuary Advisors LLC purchased a new position in Columbia Banking System in the third quarter valued at $288,000. William Blair Investment Management LLC raised its position in shares of Columbia Banking System by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,774,443 shares of the financial services provider's stock worth $47,928,000 after acquiring an additional 42,527 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Columbia Banking System by 82.0% during the 4th quarter. Nordea Investment Management AB now owns 391,286 shares of the financial services provider's stock worth $10,592,000 after acquiring an additional 176,334 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company's stock.

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Insider Activity

In other Columbia Banking System news, VP Torran B. Nixon sold 4,481 shares of Columbia Banking System stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $25.99, for a total value of $116,461.19. Following the transaction, the vice president now directly owns 104,869 shares in the company, valued at approximately $2,725,545.31. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Columbia Banking System Trading Down 10.0 %

Shares of COLB stock traded down $2.52 on Thursday, reaching $22.60. 596,150 shares of the stock were exchanged, compared to its average volume of 1,768,371. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $32.85. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 8.90 and a beta of 0.62. The business's 50 day moving average price is $26.32 and its 200 day moving average price is $27.52.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.06. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. Equities research analysts forecast that Columbia Banking System, Inc. will post 2.71 earnings per share for the current year.

Columbia Banking System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.37%. Columbia Banking System's dividend payout ratio (DPR) is presently 56.69%.

Analyst Ratings Changes

A number of brokerages have issued reports on COLB. Keefe, Bruyette & Woods lowered their price target on Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating on the stock in a research report on Friday, January 24th. Stephens lowered their price target on Columbia Banking System from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. UBS Group initiated coverage on shares of Columbia Banking System in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $32.00 target price for the company. Barclays boosted their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, Citigroup cut their price objective on Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Columbia Banking System currently has an average rating of "Hold" and a consensus price target of $31.25.

Columbia Banking System Profile

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.