Versor Investments LP Purchases 25,500 Shares of Columbia Banking System, Inc. (NASDAQ:COLB)

Versor Investments LP lifted its position in shares of Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 197.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,400 shares of the financial services provider's stock after buying an additional 25,500 shares during the quarter. Versor Investments LP's holdings in Columbia Banking System were worth $1,003,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Columbia Banking System by 812.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,182,655 shares of the financial services provider's stock valued at $63,295,000 after buying an additional 2,833,744 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Columbia Banking System by 21.4% in the first 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 in the last quarter. Vanguard Group Inc. raised its holdings in Columbia Banking System by 2.6% in the first quarter. Vanguard Group Inc. now owns 22,327,719 shares of the financial services provider's stock valued at $432,041,000 after acquiring an additional 574,509 shares in the last quarter. LSV Asset Management raised its holdings in Columbia Banking System by 333.8% in the second quarter. LSV Asset Management now owns 639,042 shares of the financial services provider's stock valued at $12,711,000 after acquiring an additional 491,742 shares in the last quarter. Finally, Stieven Capital Advisors L.P. acquired a new stake in Columbia Banking System in the second quarter valued at $9,458,000. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Banking System Trading Down 0.4 %

Shares of NASDAQ:COLB traded down $0.12 during trading on Tuesday, hitting $31.38. 1,080,603 shares of the company's stock traded hands, compared to its average volume of 2,279,922. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 13.64 and a beta of 0.62. The company has a 50-day moving average price of $26.56 and a 200-day moving average price of $23.13. Columbia Banking System, Inc. has a 52 week low of $17.08 and a 52 week high of $31.86.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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. Stephens boosted their target price on shares of Columbia Banking System from $22.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Columbia Banking System from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Columbia Banking System from a "sell" rating to a "hold" rating in a research report on Saturday, October 5th. Finally, Wedbush upped their price target on shares of Columbia Banking System from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.12.

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.