Moody Aldrich Partners LLC Increases Stock Holdings in Columbia Banking System, Inc. (NASDAQ:COLB)

Moody Aldrich Partners LLC raised its holdings in Columbia Banking System, Inc. (NASDAQ:COLBFree Report) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 337,033 shares of the financial services provider’s stock after buying an additional 22,034 shares during the period. Columbia Banking System makes up approximately 1.7% of Moody Aldrich Partners LLC’s holdings, making the stock its 8th biggest holding. Moody Aldrich Partners LLC’s holdings in Columbia Banking System were worth $9,103,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of COLB. Wellington Management Group LLP grew its position in Columbia Banking System by 31.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,659,255 shares of the financial services provider’s stock valued at $173,873,000 after acquiring an additional 1,611,563 shares during the last quarter. Basswood Capital Management L.L.C. bought a new position in Columbia Banking System in the 3rd quarter valued at $26,593,000. Holocene Advisors LP grew its position in Columbia Banking System by 1,001.8% in the 3rd quarter. Holocene Advisors LP now owns 962,330 shares of the financial services provider’s stock valued at $25,126,000 after acquiring an additional 874,986 shares during the last quarter. Janus Henderson Group PLC grew its position in Columbia Banking System by 33.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,263,432 shares of the financial services provider’s stock valued at $59,099,000 after acquiring an additional 562,467 shares during the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in Columbia Banking System by 98.6% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 944,332 shares of the financial services provider’s stock valued at $24,657,000 after acquiring an additional 468,832 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

Columbia Banking System Price Performance

Shares of NASDAQ:COLB opened at $27.95 on Wednesday. The business’s 50-day moving average is $28.69 and its 200 day moving average is $26.88. Columbia Banking System, Inc. has a 1 year low of $17.08 and a 1 year high of $32.85. The firm has a market capitalization of $5.86 billion, a P/E ratio of 12.10 and a beta of 0.67.

Columbia Banking System (NASDAQ:COLBGet Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. Columbia Banking System had a return on equity of 10.13% and a net margin of 16.15%. On average, analysts expect that Columbia Banking System, Inc. will post 2.66 EPS for the current year.

Columbia Banking System Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Friday, November 29th. Columbia Banking System’s dividend payout ratio is presently 62.34%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COLB. UBS Group began coverage on Columbia Banking System in a report on Tuesday, December 17th. They issued a “neutral” rating and a $32.00 target price for the company. Raymond James upped their target price on Columbia Banking System from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Truist Financial upped their target price on Columbia Banking System from $28.00 to $30.00 and gave the stock a “hold” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their target price on Columbia Banking System from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Finally, Stephens lowered their target price on Columbia Banking System from $33.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Columbia Banking System presently has a consensus rating of “Hold” and a consensus target price of $30.38.

Get Our Latest Stock Analysis on Columbia Banking System

Columbia Banking System Profile

(Free Report)

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.

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

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