Westwood Holdings Group Inc. Boosts Position in Columbia Banking System, Inc. (COLB)

Westwood Holdings Group Inc. boosted its holdings in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 34.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 506,677 shares of the financial services provider’s stock after purchasing an additional 128,587 shares during the period. Westwood Holdings Group Inc. owned about 0.87% of Columbia Banking System worth $20,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of COLB. Flinton Capital Management LLC lifted its position in Columbia Banking System by 98.1% during the second quarter. Flinton Capital Management LLC now owns 3,328 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 1,648 shares during the period. D.A. Davidson & CO. lifted its position in Columbia Banking System by 2.1% during the second quarter. D.A. Davidson & CO. now owns 3,631 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 73 shares during the period. Dubuque Bank & Trust Co. acquired a new position in Columbia Banking System during the second quarter valued at $188,000. Riverhead Capital Management LLC lifted its position in Columbia Banking System by 102.4% during the second quarter. Riverhead Capital Management LLC now owns 5,262 shares of the financial services provider’s stock valued at $210,000 after purchasing an additional 2,662 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Columbia Banking System by 0.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 5,602 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 46 shares during the period. Institutional investors own 96.24% of the company’s stock.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub downgraded shares of Columbia Banking System from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Piper Jaffray Companies upgraded shares of Columbia Banking System from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $43.00 to $46.00 in a research report on Monday, July 31st. Royal Bank Of Canada restated a “hold” rating and set a $42.00 target price on shares of Columbia Banking System in a research report on Friday, July 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 target price on shares of Columbia Banking System in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $44.40.

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Columbia Banking System, Inc. (NASDAQ:COLB) remained flat at $41.77 on Friday. 95,367 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $39.32 and a 200-day moving average price of $39.01. Columbia Banking System, Inc. has a one year low of $31.75 and a one year high of $45.68. The stock has a market cap of $2.44 billion, a PE ratio of 21.21 and a beta of 1.26.

Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). Columbia Banking System had a return on equity of 8.99% and a net margin of 25.82%. The firm had revenue of $110.30 million during the quarter, compared to analyst estimates of $112.27 million. During the same quarter last year, the business posted $0.44 EPS. On average, equities research analysts expect that Columbia Banking System, Inc. will post $2.03 earnings per share for the current year.

Columbia Banking System Company Profile

Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.

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Institutional Ownership by Quarter for Columbia Banking System (NASDAQ:COLB)

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