Columbia Banking System, Inc. (NASDAQ:COLB) Holdings Raised by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its holdings in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,774,443 shares of the financial services provider's stock after acquiring an additional 42,527 shares during the period. William Blair Investment Management LLC owned 0.85% of Columbia Banking System worth $47,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Columbia Banking System by 3.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 122,274 shares of the financial services provider's stock valued at $3,303,000 after purchasing an additional 4,408 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Columbia Banking System by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 31,238 shares of the financial services provider's stock valued at $844,000 after acquiring an additional 612 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Columbia Banking System during the 3rd quarter worth $288,000. Nordea Investment Management AB boosted its holdings in shares of Columbia Banking System by 82.0% during the fourth quarter. Nordea Investment Management AB now owns 391,286 shares of the financial services provider's stock worth $10,592,000 after purchasing an additional 176,334 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Columbia Banking System by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 716,673 shares of the financial services provider's stock valued at $18,712,000 after purchasing an additional 97,498 shares during the period. 92.53% of the stock is owned by hedge funds and other institutional investors.

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Columbia Banking System Trading Up 0.4 %

NASDAQ:COLB traded up $0.10 on Friday, reaching $24.72. The stock had a trading volume of 3,922,800 shares, compared to its average volume of 1,517,711. The company has a 50-day moving average of $26.84 and a 200 day moving average of $27.43. The stock has a market cap of $5.18 billion, a P/E ratio of 9.73 and a beta of 0.62. Columbia Banking System, Inc. has a 12-month low of $17.08 and a 12-month high of $32.85.

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

Columbia Banking System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend was Friday, February 28th. Columbia Banking System's dividend payout ratio is presently 56.69%.

Analyst Ratings Changes

A number of brokerages have issued reports on COLB. Wells Fargo & Company raised Columbia Banking System from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $33.00 to $35.00 in a research note on Monday, January 6th. Barclays boosted their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Citigroup decreased 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 report on Monday, January 27th. UBS Group assumed coverage on shares of Columbia Banking System in a research note on Tuesday, December 17th. They set a "neutral" rating and a $32.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their target price on Columbia Banking System from $34.00 to $33.00 and set a "market perform" rating on the stock in a report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Columbia Banking System currently has an average rating of "Hold" and a consensus target price of $31.25.

Insider Buying and Selling at Columbia Banking System

In other news, VP Torran B. Nixon sold 4,481 shares of the company's 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 completion of the transaction, the vice president now directly owns 104,869 shares of the company's stock, valued at approximately $2,725,545.31. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.62% of the stock is owned by insiders.

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.