Chartwell Investment Partners LLC Has $8.43 Million Stock Holdings in Columbia Banking System, Inc. (NASDAQ:COLB)

Chartwell Investment Partners LLC reduced its position in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 322,860 shares of the financial services provider's stock after selling 36,196 shares during the quarter. Chartwell Investment Partners LLC owned about 0.15% of Columbia Banking System worth $8,430,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COLB. Vanguard Group Inc. lifted its stake in shares of Columbia Banking System by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 22,327,719 shares of the financial services provider's stock valued at $432,041,000 after purchasing an additional 574,509 shares in the last quarter. American Century Companies Inc. grew its stake in Columbia Banking System by 6.7% during the second quarter. American Century Companies Inc. now owns 6,191,704 shares of the financial services provider's stock worth $123,153,000 after buying an additional 386,751 shares during the period. Bank of New York Mellon Corp increased its position in shares of Columbia Banking System by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 4,718,494 shares of the financial services provider's stock worth $93,851,000 after acquiring an additional 23,963 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Columbia Banking System by 21.4% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 4,468,643 shares of the financial services provider's stock valued at $86,468,000 after acquiring an additional 788,383 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Columbia Banking System by 812.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,182,655 shares of the financial services provider's stock valued at $63,295,000 after acquiring an additional 2,833,744 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company's stock.

Analyst Upgrades and Downgrades

COLB has been the topic of several research reports. Wedbush raised their price objective on Columbia Banking System from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Stephens boosted their target price on shares of Columbia Banking System from $22.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Friday, July 26th. JPMorgan Chase & Co. lowered their price target on shares of Columbia Banking System from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Barclays boosted their price objective on shares of Columbia Banking System from $25.00 to $29.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their target price on Columbia Banking System from $23.00 to $27.00 and gave the stock a "market perform" rating in a research report on Friday, July 26th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.12.

Columbia Banking System Trading Up 3.7 %

Columbia Banking System stock traded up $1.13 during mid-day trading on Monday, reaching $31.61. The company's stock had a trading volume of 568,881 shares, compared to its average volume of 2,281,037. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $31.86. The business has a 50 day moving average price of $26.43 and a 200-day moving average price of $23.05. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 13.55 and a beta of 0.62.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. The business had revenue of $765.06 million during the quarter, compared to analyst estimates of $478.80 million. During the same period in the previous year, the business posted $0.79 EPS. On average, equities analysts expect that Columbia Banking System, Inc. will post 2.62 EPS for the current fiscal year.

Columbia Banking System Company 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.