Columbia Banking System, Inc. (NASDAQ:COLB) Shares Acquired by LSV Asset Management

LSV Asset Management increased its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 13.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 733,433 shares of the financial services provider's stock after purchasing an additional 85,591 shares during the quarter. LSV Asset Management owned 0.35% of Columbia Banking System worth $19,810,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new stake in shares of Columbia Banking System in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in Columbia Banking System in the fourth quarter valued at $32,000. Meeder Asset Management Inc. purchased a new stake in Columbia Banking System during the 4th quarter worth about $42,000. Smartleaf Asset Management LLC boosted its position in shares of Columbia Banking System by 62.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,038 shares of the financial services provider's stock worth $55,000 after acquiring an additional 780 shares in the last quarter. Finally, Principal Securities Inc. boosted its position 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 acquiring an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 92.53% of the company's stock.

Insider Buying and Selling at Columbia Banking System

In related news, VP Torran B. Nixon sold 4,481 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $25.99, for a total transaction of $116,461.19. Following the sale, the vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

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Columbia Banking System Stock Performance

Columbia Banking System stock traded up $0.50 during midday trading on Tuesday, reaching $21.92. The company's stock had a trading volume of 1,210,448 shares, compared to its average volume of 1,781,799. The firm has a market capitalization of $4.61 billion, a PE ratio of 8.63 and a beta of 0.53. Columbia Banking System, Inc. has a fifty-two week low of $17.08 and a fifty-two week high of $32.85. The stock's 50 day simple moving average is $24.85 and its 200 day simple moving average is $27.18.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. Equities analysts predict that Columbia Banking System, Inc. will post 2.71 earnings per share for the current year.

Columbia Banking System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date was Friday, February 28th. Columbia Banking System's payout ratio is currently 56.69%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group began coverage on Columbia Banking System in a report on Tuesday, December 17th. They issued a "neutral" rating and a $32.00 price target for the company. Wells Fargo & Company cut their price target on shares of Columbia Banking System from $35.00 to $26.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating for the company in a research note on Friday, January 24th. Stephens cut their target price on Columbia Banking System from $33.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Finally, Citigroup dropped their price target on 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.