Stieven Capital Advisors L.P. Has $26.27 Million Stake in Columbia Banking System, Inc. (NASDAQ:COLB)

Stieven Capital Advisors L.P. boosted its holdings in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 972,732 shares of the financial services provider's stock after acquiring an additional 28,400 shares during the quarter. Columbia Banking System accounts for about 4.7% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 3rd biggest position. Stieven Capital Advisors L.P. owned about 0.46% of Columbia Banking System worth $26,273,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in Columbia Banking System by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,109,253 shares of the financial services provider's stock valued at $185,623,000 after acquiring an additional 178,327 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 acquiring an additional 1,611,563 shares during the period. Janus Henderson Group PLC boosted its position in Columbia Banking System by 33.1% in the third quarter. Janus Henderson Group PLC now owns 2,263,432 shares of the financial services provider's stock valued at $59,099,000 after buying an additional 562,467 shares in the last quarter. Fisher Asset Management LLC boosted its position in Columbia Banking System by 3.4% in the third quarter. Fisher Asset Management LLC now owns 1,614,940 shares of the financial services provider's stock valued at $42,166,000 after buying an additional 53,847 shares in the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Columbia Banking System by 14.2% in the third quarter. Segall Bryant & Hamill LLC now owns 1,534,798 shares of the financial services provider's stock valued at $40,074,000 after buying an additional 190,311 shares in the last quarter. Institutional investors own 92.53% of the company's stock.

Analysts Set New Price Targets

COLB has been the topic of a number of recent analyst reports. Wedbush boosted their price target on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Truist Financial boosted their price target on shares of Columbia Banking System from $28.00 to $30.00 and gave the company a "hold" rating in a research report on Monday, October 28th. UBS Group initiated coverage on shares of Columbia Banking System in a research report on Tuesday, December 17th. They issued a "neutral" rating and a $32.00 price target on the stock. Stephens reduced their price target on shares of 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 reduced their price target on shares of Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Ten 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.com, Columbia Banking System presently has an average rating of "Hold" and an average target price of $30.38.

Columbia Banking System Stock Down 1.0 %

NASDAQ COLB traded down $0.29 during trading hours on Wednesday, hitting $27.54. The company's stock had a trading volume of 887,291 shares, compared to its average volume of 1,336,026. The stock has a fifty day moving average of $27.78 and a 200 day moving average of $27.24. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $32.85. The firm has a market capitalization of $5.77 billion, a P/E ratio of 10.84 and a beta of 0.66.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its quarterly earnings data 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, analysts predict that Columbia Banking System, Inc. will post 2.71 earnings per share for the current year.

Columbia Banking System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.44 annualized dividend and a yield of 5.23%. Columbia Banking System's dividend payout ratio is currently 56.69%.

Columbia Banking System Company 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.