First Trust Advisors LP Purchases 14,986 Shares of Columbia Banking System Inc (COLB)

First Trust Advisors LP raised its position in Columbia Banking System Inc (NASDAQ:COLB) by 17.3% in the fourth quarter, Holdings Channel reports. The fund owned 101,568 shares of the financial services provider’s stock after buying an additional 14,986 shares during the period. First Trust Advisors LP’s holdings in Columbia Banking System were worth $4,412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. lifted its stake in Columbia Banking System by 4.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,840 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 238 shares during the last quarter. Sei Investments Co. lifted its stake in Columbia Banking System by 10.0% in the third quarter. Sei Investments Co. now owns 13,070 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 1,183 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Columbia Banking System by 79.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,343 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 1,476 shares during the last quarter. Commonwealth Equity Services Inc lifted its stake in Columbia Banking System by 33.4% in the third quarter. Commonwealth Equity Services Inc now owns 7,052 shares of the financial services provider’s stock worth $296,000 after acquiring an additional 1,765 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Columbia Banking System by 20.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,902 shares of the financial services provider’s stock worth $517,000 after acquiring an additional 2,032 shares during the last quarter. Institutional investors own 87.23% of the company’s stock.

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A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies set a $52.00 price target on shares of Columbia Banking System and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Sandler O’Neill reiterated a “hold” rating and issued a $48.00 price target on shares of Columbia Banking System in a research note on Friday, January 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $46.00 price target on shares of Columbia Banking System in a research note on Friday, January 26th. Finally, Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Columbia Banking System presently has an average rating of “Hold” and a consensus target price of $48.00.

Shares of Columbia Banking System Inc (COLB) opened at $44.20 on Friday. The firm has a market cap of $3,190.33, a P/E ratio of 19.76, a PEG ratio of 1.56 and a beta of 1.10. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.02. Columbia Banking System Inc has a 12-month low of $35.67 and a 12-month high of $48.06.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $135.40 million for the quarter, compared to analysts’ expectations of $135.15 million. Columbia Banking System had a return on equity of 9.14% and a net margin of 23.29%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. research analysts expect that Columbia Banking System Inc will post 2.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.99%. Columbia Banking System’s dividend payout ratio is presently 46.32%.

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Columbia Banking System 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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