14,942 Shares in Columbia Banking System, Inc. (NASDAQ:COLB) Purchased by Headlands Technologies LLC

Headlands Technologies LLC bought a new stake in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,942 shares of the financial services provider's stock, valued at approximately $404,000.

Several other hedge funds also recently modified their holdings of COLB. American Century Companies Inc. lifted its stake in shares of Columbia Banking System by 0.8% during the fourth quarter. American Century Companies Inc. now owns 7,602,571 shares of the financial services provider's stock valued at $205,345,000 after buying an additional 61,242 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Columbia Banking System by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,315,896 shares of the financial services provider's stock worth $197,602,000 after purchasing an additional 206,643 shares during the period. Wellington Management Group LLP increased its stake in Columbia Banking System by 31.9% in the third quarter. Wellington Management Group LLP now owns 6,659,255 shares of the financial services provider's stock valued at $173,873,000 after purchasing an additional 1,611,563 shares during the last quarter. Norges Bank purchased a new position in Columbia Banking System during the fourth quarter worth about $65,249,000. Finally, Janus Henderson Group PLC boosted its stake in Columbia Banking System by 33.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,263,432 shares of the financial services provider's stock worth $59,099,000 after buying an additional 562,467 shares during the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.

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Columbia Banking System Stock Performance

Shares of COLB stock traded up $1.43 during mid-day trading on Wednesday, reaching $22.21. 4,009,585 shares of the company were exchanged, compared to its average volume of 1,791,438. The company has a market capitalization of $4.67 billion, a P/E ratio of 8.74 and a beta of 0.53. The business's 50 day simple moving average is $25.40 and its 200 day simple moving average is $27.31. Columbia Banking System, Inc. has a fifty-two week low of $17.08 and a fifty-two week high of $32.85.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) 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%. On average, analysts forecast that Columbia Banking System, Inc. will post 2.71 EPS for the current year.

Columbia Banking System Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.48%. Columbia Banking System's dividend payout ratio (DPR) is 56.69%.

Insiders Place Their Bets

In other Columbia Banking System news, VP Torran B. Nixon sold 4,481 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $25.99, for a total value of $116,461.19. Following the sale, the vice president now directly owns 104,869 shares in the company, valued at approximately $2,725,545.31. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on COLB. Keefe, Bruyette & Woods decreased their target price on shares of Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating on the stock in a research report on Friday, January 24th. Citigroup lowered their price objective on shares of Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Wells Fargo & Company cut their target price on Columbia Banking System from $35.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday. Barclays dropped their price target on Columbia Banking System from $33.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on Columbia Banking System from $32.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Columbia Banking System currently has a consensus rating of "Hold" and an average price target of $30.00.

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.