Columbia Banking System, Inc. (NASDAQ:COLB) is Keeley Teton Advisors LLC's 5th Largest Position

Keeley Teton Advisors LLC trimmed its position in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 357,264 shares of the financial services provider's stock after selling 41,795 shares during the quarter. Columbia Banking System comprises 1.1% of Keeley Teton Advisors LLC's holdings, making the stock its 5th largest position. Keeley Teton Advisors LLC owned approximately 0.17% of Columbia Banking System worth $9,650,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COLB. Aster Capital Management DIFC Ltd acquired a new position in Columbia Banking System during the fourth quarter valued at $29,000. SBI Securities Co. Ltd. purchased a new position in Columbia Banking System during the fourth quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new position in Columbia Banking System in the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC boosted its position in Columbia Banking System by 62.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,038 shares of the financial services provider's stock worth $55,000 after purchasing an additional 780 shares in the last quarter. Finally, Principal Securities Inc. grew its stake in shares of Columbia Banking System by 171.3% during the 4th quarter. Principal Securities Inc. now owns 2,127 shares of the financial services provider's stock worth $57,000 after purchasing an additional 1,343 shares during the period. Institutional investors and hedge funds own 92.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COLB shares. Stephens reduced their price target on Columbia Banking System from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on Columbia Banking System from $35.00 to $26.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Citigroup cut their target price on shares of Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Barclays dropped their price objective on Columbia Banking System from $33.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price target on Columbia Banking System from $32.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $30.00.

Insiders Place Their Bets

In other Columbia Banking System news, VP Torran B. Nixon sold 4,481 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $25.99, for a total transaction 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. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.62% of the stock is currently owned by insiders.

Columbia Banking System Stock Performance

Columbia Banking System stock traded up $0.23 during mid-day trading on Friday, reaching $22.18. 992,306 shares of the company were exchanged, compared to its average volume of 1,775,612. The firm has a market cap of $4.66 billion, a PE ratio of 8.73 and a beta of 0.53. The firm's 50-day simple moving average is $24.51 and its two-hundred day simple moving average is $27.09. Columbia Banking System, Inc. has a twelve month low of $17.46 and a twelve month high of $32.85.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share for the quarter, beating 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, equities research analysts anticipate that Columbia Banking System, Inc. will post 2.71 EPS for the current year.

Columbia Banking System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 6.49%. Columbia Banking System's payout ratio is currently 56.69%.

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.