Natixis Advisors LLC Has $3.03 Million Holdings in Columbia Banking System, Inc. (NASDAQ:COLB)

Natixis Advisors LLC lifted its stake in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 18.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,855 shares of the financial services provider's stock after buying an additional 17,944 shares during the period. Natixis Advisors LLC owned about 0.06% of Columbia Banking System worth $3,025,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COLB. Picton Mahoney Asset Management bought a new position in shares of Columbia Banking System during the second quarter valued at $33,000. Abich Financial Wealth Management LLC boosted its holdings in shares of Columbia Banking System by 85.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,219 shares of the financial services provider's stock worth $43,000 after acquiring an additional 1,020 shares in the last quarter. GAMMA Investing LLC grew its position in Columbia Banking System by 144.0% during 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. Allspring Global Investments Holdings LLC increased its holdings in Columbia Banking System by 111.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,618 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its stake 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 purchasing an additional 4,115 shares in the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.

Columbia Banking System Price Performance

NASDAQ:COLB traded up $0.97 during trading hours on Friday, reaching $31.64. 1,334,107 shares of the stock were exchanged, compared to its average volume of 1,564,862. The stock has a market cap of $6.63 billion, a PE ratio of 13.70 and a beta of 0.62. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $31.86. The firm has a 50 day moving average of $27.78 and a 200 day moving average of $23.84.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $765.06 million during the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.79 EPS. Equities research analysts anticipate that Columbia Banking System, Inc. will post 2.63 earnings per share for the current year.

Columbia Banking System Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Friday, November 29th. Columbia Banking System's dividend payout ratio (DPR) is presently 62.34%.

Analysts Set New Price Targets

COLB has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Columbia Banking System from $28.00 to $30.00 and gave the company a "hold" rating in a report on Monday, October 28th. Wells Fargo & Company increased their price target on shares of Columbia Banking System from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Wedbush boosted their price objective 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. Barclays lifted their target price on Columbia Banking System from $25.00 to $29.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their price target on Columbia Banking System from $29.00 to $31.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $27.12.

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.