Teacher Retirement System of Texas Has $1.36 Million Position in Columbia Banking System, Inc. (NASDAQ:COLB)

Teacher Retirement System of Texas increased its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 39.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 50,353 shares of the financial services provider's stock after acquiring an additional 14,349 shares during the period. Teacher Retirement System of Texas' holdings in Columbia Banking System were worth $1,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Xponance Inc. boosted its stake in shares of Columbia Banking System by 5.6% in the fourth quarter. Xponance Inc. now owns 23,796 shares of the financial services provider's stock valued at $643,000 after purchasing an additional 1,259 shares during the period. Boston Partners grew its stake in shares of Columbia Banking System by 38.0% during the fourth quarter. Boston Partners now owns 1,271,289 shares of the financial services provider's stock valued at $34,662,000 after acquiring an additional 350,229 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Columbia Banking System by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,774,443 shares of the financial services provider's stock worth $47,928,000 after acquiring an additional 42,527 shares in the last quarter. Swiss National Bank grew its stake in Columbia Banking System by 0.8% during the 4th quarter. Swiss National Bank now owns 412,021 shares of the financial services provider's stock valued at $11,129,000 after purchasing an additional 3,300 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Columbia Banking System by 19.9% during the 4th quarter. HighTower Advisors LLC now owns 15,811 shares of the financial services provider's stock worth $427,000 after purchasing an additional 2,625 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company's stock.

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Columbia Banking System Stock Performance

Shares of NASDAQ:COLB traded up $0.37 during trading on Wednesday, reaching $25.12. The company had a trading volume of 1,027,559 shares, compared to its average volume of 1,772,835. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $32.85. The firm's fifty day moving average is $26.32 and its 200 day moving average is $27.52. The firm has a market capitalization of $5.27 billion, a PE ratio of 9.89 and a beta of 0.62.

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

Columbia Banking System Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.36 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.44 annualized dividend and a dividend yield of 5.73%. Columbia Banking System's dividend payout ratio is currently 56.69%.

Insider Activity

In related news, VP Torran B. Nixon sold 4,481 shares of the 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 completion of the transaction, the vice president now owns 104,869 shares in the company, valued at $2,725,545.31. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Stephens decreased their price objective on shares of Columbia Banking System from $33.00 to $31.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Barclays increased 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 report on Thursday, December 5th. Wells Fargo & Company raised shares of Columbia Banking System from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $33.00 to $35.00 in a report on Monday, January 6th. Citigroup cut their target price on shares of Columbia Banking System from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their target price on 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. Nine 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, the stock has a consensus rating of "Hold" and a consensus 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.