Segall Bryant & Hamill LLC Has $40.76 Million Stock Holdings in Columbia Banking System, Inc. (NASDAQ:COLB)

Segall Bryant & Hamill LLC trimmed its position in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,509,019 shares of the financial services provider's stock after selling 25,779 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.72% of Columbia Banking System worth $40,759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Columbia Banking System in the fourth quarter valued at about $32,000. Smartleaf Asset Management LLC lifted its holdings 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 valued at $55,000 after purchasing an additional 780 shares in the last quarter. Principal Securities Inc. grew its position in shares of Columbia Banking System by 171.3% in the 4th quarter. Principal Securities Inc. now owns 2,127 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 1,343 shares during the period. Parkside Financial Bank & Trust increased its stake in Columbia Banking System by 36.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,977 shares of the financial services provider's stock worth $80,000 after purchasing an additional 801 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Columbia Banking System by 22,244.4% during the 4th quarter. Larson Financial Group LLC now owns 6,033 shares of the financial services provider's stock worth $163,000 after purchasing an additional 6,006 shares in the last quarter. Institutional investors own 92.53% of the company's stock.

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Columbia Banking System Stock Down 2.3 %

Shares of NASDAQ COLB traded down $0.59 during midday trading on Friday, hitting $24.73. 1,149,855 shares of the company's stock were exchanged, compared to its average volume of 1,781,492. The company's 50 day moving average price is $26.55 and its 200 day moving average price is $27.50. Columbia Banking System, Inc. has a 12 month low of $17.08 and a 12 month high of $32.85. The firm has a market capitalization of $5.18 billion, a PE ratio of 9.74 and a beta of 0.62.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last released its quarterly 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 net margin of 17.99% and a return on equity of 11.21%. On average, equities research analysts anticipate that Columbia Banking System, Inc. will post 2.71 EPS for the current year.

Columbia Banking System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 5.82%. Columbia Banking System's dividend payout ratio (DPR) is presently 56.69%.

Insider Transactions at Columbia Banking System

In related news, VP Torran B. Nixon sold 4,481 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 of the company's stock, valued at $2,725,545.31. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating for the company in a report on Friday, January 24th. Barclays upped their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 5th. UBS Group initiated coverage on Columbia Banking System in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $32.00 target price on the stock. Citigroup decreased their target price on shares of Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Columbia Banking System presently has an average rating of "Hold" and an average target price of $31.25.

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.