Moody Aldrich Partners LLC Purchases 22,034 Shares of Columbia Banking System, Inc. (NASDAQ:COLB)

Moody Aldrich Partners LLC lifted its stake in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 337,033 shares of the financial services provider's stock after buying an additional 22,034 shares during the period. Columbia Banking System makes up approximately 1.7% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 8th biggest position. Moody Aldrich Partners LLC owned about 0.16% of Columbia Banking System worth $9,103,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Columbia Banking System during the 3rd quarter worth approximately $288,000. Nordea Investment Management AB lifted its stake in Columbia Banking System by 82.0% during the fourth quarter. Nordea Investment Management AB now owns 391,286 shares of the financial services provider's stock worth $10,592,000 after purchasing an additional 176,334 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Columbia Banking System by 15.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 716,673 shares of the financial services provider's stock valued at $18,712,000 after purchasing an additional 97,498 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Columbia Banking System by 45.7% during the 3rd quarter. Pathstone Holdings LLC now owns 120,888 shares of the financial services provider's stock worth $3,156,000 after buying an additional 37,941 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Columbia Banking System by 439.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 79,877 shares of the financial services provider's stock worth $2,086,000 after buying an additional 65,072 shares during 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 a number of recent analyst reports. JPMorgan Chase & Co. decreased 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. Wedbush lifted their price target on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Wells Fargo & Company raised shares of Columbia Banking System from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $33.00 to $35.00 in a research note on Monday, January 6th. Royal Bank of Canada boosted their target price on shares of Columbia Banking System from $29.00 to $31.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Finally, Truist Financial upped their price target on shares of Columbia Banking System from $28.00 to $30.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $30.38.

Columbia Banking System Trading Down 0.5 %

NASDAQ:COLB traded down $0.13 on Friday, reaching $27.90. 1,119,800 shares of the stock traded hands, compared to its average volume of 1,329,738. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 10.98 and a beta of 0.67. Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $32.85. The company's 50 day moving average is $28.51 and its 200-day moving average is $26.95.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its earnings results 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%. On average, equities research analysts forecast that Columbia Banking System, Inc. will post 2.74 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.36 per share. The ex-dividend date was Friday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 5.16%. Columbia Banking System's payout ratio is 56.69%.

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.