Columbia Banking System, Inc. (NASDAQ:COLB) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,315,896 shares of the financial services provider's stock after purchasing an additional 206,643 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.49% of Columbia Banking System worth $197,602,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State of Alaska Department of Revenue increased its stake in Columbia Banking System by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 24,177 shares of the financial services provider's stock valued at $631,000 after buying an additional 1,650 shares during the period. US Bancorp DE boosted its holdings in shares of Columbia Banking System by 7.2% in the third quarter. US Bancorp DE now owns 69,805 shares of the financial services provider's stock valued at $1,823,000 after acquiring an additional 4,675 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Columbia Banking System by 1,507.6% during the third quarter. Farther Finance Advisors LLC now owns 4,855 shares of the financial services provider's stock worth $127,000 after acquiring an additional 4,553 shares during the period. Janney Montgomery Scott LLC raised its holdings in Columbia Banking System by 7.4% during the third quarter. Janney Montgomery Scott LLC now owns 117,866 shares of the financial services provider's stock worth $3,078,000 after purchasing an additional 8,114 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Columbia Banking System in the third quarter valued at about $257,000. Hedge funds and other institutional investors own 92.53% of the company's stock.

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Insider Buying and Selling at Columbia Banking System

In other Columbia Banking System news, VP Torran B. Nixon sold 4,481 shares of Columbia Banking System stock in a transaction that occurred 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 directly owns 104,869 shares of the company's stock, valued at approximately $2,725,545.31. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.62% of the stock is owned by insiders.

Columbia Banking System Price Performance

COLB traded down $0.53 during midday trading on Monday, reaching $24.51. 3,095,427 shares of the company's stock were exchanged, compared to its average volume of 1,478,596. Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $32.85. The stock has a market capitalization of $5.14 billion, a PE ratio of 9.65 and a beta of 0.62. The business's 50-day moving average price is $27.31 and its 200 day moving average price is $27.49.

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 for the quarter, topping analysts' consensus estimates of $0.65 by $0.06. Columbia Banking System had a net margin of 17.99% and a return on equity of 11.21%. As a group, analysts expect that Columbia Banking System, Inc. will post 2.71 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.36 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 5.88%. Columbia Banking System's dividend payout ratio (DPR) is 56.69%.

Analyst Upgrades and Downgrades

COLB has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on Columbia Banking System from $32.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods dropped their price objective on Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating on the stock in a report on Friday, January 24th. Citigroup reduced their target price on Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Stephens decreased their target price on shares of Columbia Banking System from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company upgraded shares of Columbia Banking System from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $33.00 to $35.00 in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Columbia Banking System presently has a consensus rating of "Hold" and an average price target of $30.38.

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.