Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Columbia Banking System Inc (NASDAQ:COLB) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,492 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Columbia Banking System were worth $678,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Laurion Capital Management LP bought a new stake in shares of Columbia Banking System in the second quarter worth $419,000. Aperio Group LLC lifted its position in shares of Columbia Banking System by 32.6% in the third quarter. Aperio Group LLC now owns 29,509 shares of the financial services provider’s stock worth $1,144,000 after purchasing an additional 7,248 shares in the last quarter. AMG National Trust Bank lifted its position in shares of Columbia Banking System by 15.5% in the third quarter. AMG National Trust Bank now owns 30,600 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 4,111 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Columbia Banking System by 591.6% in the second quarter. SG Americas Securities LLC now owns 32,824 shares of the financial services provider’s stock worth $1,343,000 after purchasing an additional 28,078 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of Columbia Banking System by 50.7% in the second quarter. Anchor Capital Advisors LLC now owns 41,949 shares of the financial services provider’s stock worth $1,716,000 after purchasing an additional 14,117 shares in the last quarter. 88.84% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently 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 Friday, September 7th. ValuEngine lowered shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. BidaskClub raised shares of Columbia Banking System from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 30th. Piper Jaffray Companies set a $48.00 price objective on shares of Columbia Banking System and gave the stock a “buy” rating in a research report on Saturday, October 27th. Finally, Sandler O’Neill upgraded shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, November 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.67.

In related news, EVP Andy Mcdonald sold 3,074 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $38.33, for a total transaction of $117,826.42. Following the transaction, the executive vice president now directly owns 35,589 shares in the company, valued at $1,364,126.37. The sale was disclosed in a filing with the SEC, which is available through this link. 1.23% of the stock is currently owned by insiders.

Shares of COLB opened at $38.52 on Friday. The firm has a market cap of $2.80 billion, a P/E ratio of 17.59, a PEG ratio of 2.16 and a beta of 1.04. Columbia Banking System Inc has a 1-year low of $31.35 and a 1-year high of $46.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.01). The firm had revenue of $143.82 million for the quarter, compared to analyst estimates of $143.24 million. Columbia Banking System had a return on equity of 8.66% and a net margin of 25.35%. On average, analysts predict that Columbia Banking System Inc will post 2.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, November 6th. This represents a $1.04 dividend on an annualized basis and a yield of 2.70%. Columbia Banking System’s payout ratio is 47.49%.

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Columbia Banking System Company Profile

Columbia Banking System, Inc operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and personal loans; debit and credit cards; and digital banking services.

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

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