976 Shares in Columbia Banking System Inc (COLB) Purchased by Quantamental Technologies LLC

Quantamental Technologies LLC acquired a new position in Columbia Banking System Inc (NASDAQ:COLB) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 976 shares of the financial services provider’s stock, valued at approximately $32,000.

Several other institutional investors also recently bought and sold shares of the stock. Toronto Dominion Bank acquired a new position in Columbia Banking System in the fourth quarter valued at approximately $25,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Columbia Banking System during the fourth quarter valued at approximately $28,000. Advisors Preferred LLC bought a new stake in shares of Columbia Banking System during the fourth quarter valued at approximately $31,000. Versant Capital Management Inc increased its holdings in shares of Columbia Banking System by 51.4% during the first quarter. Versant Capital Management Inc now owns 1,684 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 572 shares in the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Columbia Banking System by 9.2% during the fourth quarter. Advisor Group Inc. now owns 3,645 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 307 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

In related news, COO Clint Stein sold 657 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $38.32, for a total transaction of $25,176.24. Following the completion of the sale, the chief operating officer now owns 24,644 shares in the company, valued at $944,358.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.92% of the company’s stock.

Several research firms have recently commented on COLB. Zacks Investment Research upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. BidaskClub upgraded Columbia Banking System from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. ValuEngine upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a report on Saturday, May 4th. DA Davidson downgraded Columbia Banking System from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $42.00 to $38.00 in a report on Monday, March 18th. Finally, Stephens began coverage on Columbia Banking System in a report on Wednesday, March 6th. They set an “equal weight” rating and a $39.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Columbia Banking System currently has a consensus rating of “Buy” and a consensus price target of $42.33.

NASDAQ COLB opened at $36.09 on Friday. The company has a market cap of $2.63 billion, a PE ratio of 14.61, a PEG ratio of 2.00 and a beta of 1.03. Columbia Banking System Inc has a 52 week low of $30.65 and a 52 week high of $44.73. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Columbia Banking System had a return on equity of 9.01% and a net margin of 30.12%. The firm had revenue of $142.72 million during the quarter, compared to the consensus estimate of $147.05 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Columbia Banking System Inc will post 2.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.12 annualized dividend and a yield of 3.10%. Columbia Banking System’s dividend payout ratio (DPR) is currently 45.34%.

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Columbia Banking System 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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