Vontobel Holding Ltd. Invests $377,000 in Columbia Banking System, Inc. (NASDAQ:COLB)

Vontobel Holding Ltd. purchased a new position in Columbia Banking System, Inc. (NASDAQ:COLB) during the 4th quarter, HoldingsChannel reports. The fund purchased 14,123 shares of the financial services provider’s stock, valued at approximately $377,000.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Columbia Banking System by 1,506.8% in the third quarter. EverSource Wealth Advisors LLC now owns 1,414 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,326 shares during the period. First Pacific Financial purchased a new position in Columbia Banking System in the fourth quarter worth $40,000. Global Retirement Partners LLC grew its position in Columbia Banking System by 27.2% in the third quarter. Global Retirement Partners LLC now owns 2,489 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 533 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Columbia Banking System in the third quarter worth $78,000. Finally, NBC Securities Inc. purchased a new position in Columbia Banking System in the third quarter worth $137,000. Institutional investors own 92.53% of the company’s stock.

Insider Buying and Selling at Columbia Banking System

In other Columbia Banking System news, Director Elizabeth Whitehead Seaton bought 2,685 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $18.48 per share, with a total value of $49,618.80. Following the completion of the purchase, the director now owns 25,001 shares of the company’s stock, valued at $462,018.48. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Elizabeth Whitehead Seaton purchased 2,685 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $18.48 per share, for a total transaction of $49,618.80. Following the completion of the acquisition, the director now directly owns 25,001 shares in the company, valued at approximately $462,018.48. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Clint Stein purchased 9,500 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were purchased at an average price of $20.96 per share, for a total transaction of $199,120.00. Following the acquisition, the chief executive officer now owns 165,684 shares of the company’s stock, valued at $3,472,736.64. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 35,133 shares of company stock valued at $719,737. Corporate insiders own 0.59% of the company’s stock.

Columbia Banking System Trading Up 1.5 %

Columbia Banking System stock opened at $19.08 on Wednesday. The firm has a 50-day moving average of $18.49 and a 200-day moving average of $21.18. The firm has a market cap of $3.99 billion, a P/E ratio of 11.56 and a beta of 0.71. Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $28.11.

Columbia Banking System (NASDAQ:COLB) last posted its earnings results on Wednesday, January 24th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.35). The firm had revenue of $519.16 million for the quarter, compared to analysts’ expectations of $525.94 million. Columbia Banking System had a return on equity of 10.27% and a net margin of 12.71%. The business’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. Research analysts forecast that Columbia Banking System, Inc. will post 2.25 earnings per share for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date was Thursday, February 22nd. Columbia Banking System’s dividend payout ratio is 87.27%.

Analysts Set New Price Targets

COLB has been the subject of several research reports. StockNews.com lowered shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. cut their target price on shares of Columbia Banking System from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. TheStreet lowered shares of Columbia Banking System from a “b-” rating to a “c+” rating in a research report on Thursday, February 22nd. Raymond James lowered shares of Columbia Banking System from a “strong-buy” rating to an “outperform” rating and set a $25.00 price target for the company. in a research report on Thursday, January 25th. Finally, Barclays began coverage on shares of Columbia Banking System in a research report on Friday, March 8th. They set an “equal weight” rating and a $20.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Columbia Banking System has an average rating of “Hold” and a consensus target price of $22.42.

Columbia Banking System Company Profile

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.