Columbia Banking System, Inc. (COLB) Position Lifted by Boston Partners

Boston Partners increased its position in Columbia Banking System, Inc. (NASDAQ:COLB) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 537,430 shares of the financial services provider’s stock after acquiring an additional 24,004 shares during the quarter. Boston Partners owned about 0.92% of Columbia Banking System worth $22,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC raised its holdings in Columbia Banking System by 98.1% in the 2nd quarter. Flinton Capital Management LLC now owns 3,328 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,648 shares during the period. D.A. Davidson & CO. raised its holdings in Columbia Banking System by 2.1% in the 2nd quarter. D.A. Davidson & CO. now owns 3,631 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 73 shares during the period. Dubuque Bank & Trust Co. bought a new position in Columbia Banking System in the 2nd quarter worth $188,000. Riverhead Capital Management LLC raised its holdings in Columbia Banking System by 102.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,262 shares of the financial services provider’s stock worth $210,000 after acquiring an additional 2,662 shares during the period. Finally, Shelton Capital Management bought a new position in Columbia Banking System in the 2nd quarter worth $230,000. Hedge funds and other institutional investors own 95.60% of the company’s stock.

Shares of Columbia Banking System, Inc. (COLB) opened at $42.80 on Tuesday. The stock has a market cap of $3,086.50, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 1.92 and a beta of 1.24. Columbia Banking System, Inc. has a 12-month low of $35.67 and a 12-month high of $45.68.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. The company had revenue of $126.00 million for the quarter, compared to analyst estimates of $119.16 million. Columbia Banking System had a net margin of 27.72% and a return on equity of 9.93%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the business posted $0.47 EPS. equities research analysts forecast that Columbia Banking System, Inc. will post 2.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a $0.22 dividend. The ex-dividend date is Monday, October 30th. This represents a $0.88 annualized dividend and a yield of 2.06%. Columbia Banking System’s dividend payout ratio is 40.00%.

Several brokerages recently commented on COLB. Zacks Investment Research upgraded shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, October 31st. DA Davidson reiterated a “buy” rating and issued a $48.00 target price (up previously from $45.00) on shares of Columbia Banking System in a report on Tuesday, October 17th. BidaskClub downgraded shares of Columbia Banking System from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Piper Jaffray Companies upgraded shares of Columbia Banking System from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $43.00 to $46.00 in a report on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $42.00 target price on shares of Columbia Banking System in a report on Friday, July 28th. One equities 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. The stock has a consensus rating of “Hold” and an average target price of $45.60.

COPYRIGHT VIOLATION NOTICE: “Columbia Banking System, Inc. (COLB) Position Lifted by Boston Partners” was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.truebluetribune.com/2017/11/14/columbia-banking-system-inc-colb-position-lifted-by-boston-partners.html.

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.

Want to see what other hedge funds are holding COLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Banking System, Inc. (NASDAQ:COLB).

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

Receive News & Ratings for Columbia Banking System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Banking System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply