Signaturefd LLC Has $104,000 Holdings in Columbia Banking System, Inc. (NASDAQ:COLB)

Signaturefd LLC decreased its position in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,906 shares of the financial services provider’s stock after selling 830 shares during the quarter. Signaturefd LLC’s holdings in Columbia Banking System were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in Columbia Banking System by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,079,502 shares of the financial services provider’s stock valued at $143,714,000 after purchasing an additional 26,010 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Columbia Banking System during the third quarter valued at about $80,011,000. American Century Companies Inc. increased its position in shares of Columbia Banking System by 32.5% during the third quarter. American Century Companies Inc. now owns 3,939,877 shares of the financial services provider’s stock worth $79,980,000 after acquiring an additional 967,009 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Columbia Banking System by 13.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,020,138 shares of the financial services provider’s stock worth $41,009,000 after acquiring an additional 243,841 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Columbia Banking System by 0.5% in the 3rd quarter. Northern Trust Corp now owns 1,772,558 shares of the financial services provider’s stock valued at $35,983,000 after acquiring an additional 8,945 shares in the last quarter. 92.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on COLB shares. Barclays increased their price objective on Columbia Banking System from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Friday. Wells Fargo & Company dropped their price objective on Columbia Banking System from $25.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Raymond James lowered shares of Columbia Banking System from a “strong-buy” rating to an “outperform” rating and set a $25.00 target price for the company. in a research note on Thursday, January 25th. Piper Sandler dropped their price target on shares of Columbia Banking System from $36.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Columbia Banking System from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Columbia Banking System currently has a consensus rating of “Hold” and a consensus target price of $22.19.

Columbia Banking System Trading Down 0.8 %

Shares of NASDAQ COLB opened at $18.97 on Tuesday. The stock has a fifty day simple moving average of $18.52 and a two-hundred day simple moving average of $21.15. Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $28.11. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 8.14 and a beta of 0.71.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. Columbia Banking System had a net margin of 16.52% and a return on equity of 11.58%. The firm had revenue of $473.72 million during the quarter, compared to analyst estimates of $480.39 million. During the same quarter last year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts forecast that Columbia Banking System, Inc. will post 2.25 EPS for the current year.

Columbia Banking System Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Friday, February 23rd were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.44 annualized dividend and a dividend yield of 7.59%. Columbia Banking System’s dividend payout ratio is currently 61.80%.

Insider Transactions at Columbia Banking System

In related news, Director Elizabeth Whitehead Seaton acquired 2,685 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were bought at an average cost of $18.48 per share, for a total transaction of $49,618.80. Following the purchase, the director now owns 25,001 shares in the company, valued at approximately $462,018.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Elizabeth Whitehead Seaton acquired 2,685 shares of Columbia Banking System stock in a transaction that occurred on Tuesday, February 6th. The stock was bought 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 in the company, valued at $462,018.48. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Luis Machuca bought 4,889 shares of the stock in a transaction on Wednesday, January 31st. The stock was purchased at an average price of $20.58 per share, for a total transaction of $100,615.62. Following the completion of the purchase, the director now directly owns 60,835 shares in the company, valued at $1,251,984.30. The disclosure for this purchase can be found here. Insiders purchased 9,574 shares of company stock valued at $188,874 over the last three months. Company insiders own 0.59% of the company’s stock.

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.