Columbia Banking System, Inc. (NASDAQ:COLB) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 439.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,877 shares of the financial services provider's stock after purchasing an additional 65,072 shares during the period. BNP Paribas Financial Markets' holdings in Columbia Banking System were worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC increased its stake in Columbia Banking System by 144.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,350 shares of the financial services provider's stock worth $47,000 after acquiring an additional 1,387 shares during the last quarter. CWM LLC raised its stake in Columbia Banking System by 84.2% during the second quarter. CWM LLC now owns 13,468 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 6,156 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of Columbia Banking System by 12.0% in the 2nd quarter. Simplicity Wealth LLC now owns 24,393 shares of the financial services provider's stock worth $485,000 after buying an additional 2,617 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Columbia Banking System by 137,166.7% in the second quarter. Hexagon Capital Partners LLC now owns 4,118 shares of the financial services provider's stock worth $82,000 after acquiring an additional 4,115 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC increased its stake in Columbia Banking System by 21.5% during the second quarter. Capital Advisors Wealth Management LLC now owns 112,204 shares of the financial services provider's stock worth $2,232,000 after acquiring an additional 19,893 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush raised their price target on Columbia Banking System from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com raised shares of Columbia Banking System from a "sell" rating to a "hold" rating in a research report on Saturday, October 5th. Truist Financial boosted their target price on Columbia Banking System from $28.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their price objective on Columbia Banking System from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, October 9th. Finally, Raymond James boosted their target price on shares of Columbia Banking System from $26.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Columbia Banking System currently has an average rating of "Hold" and a consensus price target of $28.19.

Columbia Banking System Price Performance

Columbia Banking System stock traded up $0.04 during trading hours on Friday, reaching $30.19. The stock had a trading volume of 918,074 shares, compared to its average volume of 1,272,197. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 13.07 and a beta of 0.64. The business's 50 day moving average price is $28.86 and its 200-day moving average price is $24.53. Columbia Banking System, Inc. has a 52 week low of $17.08 and a 52 week high of $32.85.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share 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 company had revenue of $765.06 million during the quarter, compared to the consensus estimate of $478.80 million. During the same period last year, the firm earned $0.79 earnings per share. On average, sell-side analysts forecast that Columbia Banking System, Inc. will post 2.63 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.77%. Columbia Banking System's payout ratio is 62.34%.

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.