Shares of Columbia Banking System Inc. (NASDAQ:COLB) saw unusually-strong trading volume on Thursday . Approximately 248,063 shares were traded during trading, an increase of 3% from the previous session’s volume of 240,650 shares.The stock last traded at $29.80 and had previously closed at $29.39.

Several equities research analysts have commented on COLB shares. Zacks Investment Research raised shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Piper Jaffray Cos. cut shares of Columbia Banking System from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $33.00 to $31.00 in a research report on Friday, April 29th.

The stock has a market cap of $1.73 billion and a P/E ratio of 18.00. The firm has a 50-day moving average of $28.67 and a 200-day moving average of $29.38.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by $0.09. Equities research analysts predict that Columbia Banking System Inc. will post $1.75 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of COLB. Jennison Associates LLC boosted its stake in Columbia Banking System by 0.7% in the fourth quarter. Jennison Associates LLC now owns 2,624,890 shares of the financial services provider’s stock valued at $85,335,000 after buying an additional 17,835 shares during the period. Dimensional Fund Advisors LP boosted its stake in Columbia Banking System by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,305 shares of the financial services provider’s stock valued at $80,245,000 after buying an additional 90,933 shares during the period. Victory Capital Management Inc. boosted its stake in Columbia Banking System by 9.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,742,144 shares of the financial services provider’s stock valued at $56,637,000 after buying an additional 156,373 shares during the period. Fiduciary Management Associates LLC boosted its stake in Columbia Banking System by 6.8% in the fourth quarter. Fiduciary Management Associates LLC now owns 797,206 shares of the financial services provider’s stock valued at $25,917,000 after buying an additional 51,050 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Columbia Banking System by 4.5% in the fourth quarter. Principal Financial Group Inc. now owns 393,435 shares of the financial services provider’s stock valued at $12,791,000 after buying an additional 17,115 shares during the period.

Columbia Banking System, Inc is a bank holding company of Columbia State Bank (the Bank) and West Coast Trust Company, Inc The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho.

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