Bryce Point Capital LLC Takes $420,000 Position in Columbia Banking System, Inc. (NASDAQ:COLB)

Bryce Point Capital LLC purchased a new stake in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,565 shares of the financial services provider's stock, valued at approximately $420,000.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in Columbia Banking System by 439.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 79,877 shares of the financial services provider's stock worth $2,086,000 after buying an additional 65,072 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Columbia Banking System by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 868,937 shares of the financial services provider's stock valued at $22,688,000 after purchasing an additional 9,561 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Columbia Banking System by 135.1% in the 3rd quarter. Verition Fund Management LLC now owns 29,445 shares of the financial services provider's stock valued at $769,000 after purchasing an additional 16,921 shares during the period. HighTower Advisors LLC acquired a new stake in Columbia Banking System in the 3rd quarter worth $352,000. Finally, Janus Henderson Group PLC increased its position in shares of Columbia Banking System by 33.1% during the third quarter. Janus Henderson Group PLC now owns 2,263,432 shares of the financial services provider's stock valued at $59,099,000 after purchasing an additional 562,467 shares during the period. 92.53% of the stock is currently owned by institutional investors.

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Columbia Banking System Trading Down 7.8 %

Shares of NASDAQ:COLB traded down $1.72 during mid-day trading on Thursday, reaching $20.49. The stock had a trading volume of 526,781 shares, compared to its average volume of 1,786,565. The firm has a 50 day simple moving average of $25.40 and a two-hundred day simple moving average of $27.31. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $32.85. The firm has a market cap of $4.30 billion, a PE ratio of 8.08 and a beta of 0.53.

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

Columbia Banking System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date was Friday, February 28th. Columbia Banking System's dividend payout ratio is presently 56.69%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COLB. Stephens lowered their price target on shares of Columbia Banking System from $33.00 to $31.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Keefe, Bruyette & Woods cut their price objective on Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating for the company in a research report on Friday, January 24th. JPMorgan Chase & Co. decreased their target price on Columbia Banking System from $32.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Citigroup lowered their target price on Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Finally, Barclays reduced their price target on shares of Columbia Banking System from $33.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Columbia Banking System presently has a consensus rating of "Hold" and an average target price of $30.00.

Insider Transactions at Columbia Banking System

In other Columbia Banking System news, VP Torran B. Nixon sold 4,481 shares of the 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 completion of the sale, the vice president now owns 104,869 shares in the company, valued at $2,725,545.31. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.59% of the stock is currently owned by insiders.

About Columbia Banking System

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.