Columbia Banking System, Inc. $COLB Holdings Lifted by Caxton Associates LLP

Caxton Associates LLP increased its holdings in Columbia Banking System, Inc. (NASDAQ:COLB) by 119.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,174 shares of the financial services provider’s stock after acquiring an additional 55,060 shares during the period. Caxton Associates LLP’s holdings in Columbia Banking System were worth $2,365,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new position in Columbia Banking System in the second quarter valued at approximately $2,187,000. Sequoia Financial Advisors LLC bought a new stake in shares of Columbia Banking System during the 2nd quarter valued at $289,000. AlphaQuest LLC acquired a new position in shares of Columbia Banking System in the 2nd quarter valued at $687,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Columbia Banking System in the 2nd quarter worth $303,000. Finally, Angel Oak Capital Advisors LLC grew its stake in shares of Columbia Banking System by 27.8% during the second quarter. Angel Oak Capital Advisors LLC now owns 46,000 shares of the financial services provider’s stock worth $1,075,000 after purchasing an additional 10,000 shares during the period. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Columbia Banking System Stock Performance

Shares of COLB opened at $29.24 on Monday. Columbia Banking System, Inc. has a twelve month low of $19.61 and a twelve month high of $29.79. The firm’s 50 day moving average price is $26.77 and its two-hundred day moving average price is $25.54. The firm has a market cap of $8.75 billion, a P/E ratio of 13.17 and a beta of 0.62.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Monday, March 4th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The company had revenue of $348.47 million during the quarter. Columbia Banking System had a net margin of 15.98% and a return on equity of 11.13%. On average, sell-side analysts anticipate that Columbia Banking System, Inc. will post 2.71 earnings per share for the current fiscal year.

Columbia Banking System Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Columbia Banking System’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, November 28th. Columbia Banking System’s dividend payout ratio is presently 66.67%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COLB. Cowen began coverage on Columbia Banking System in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. TD Cowen initiated coverage on shares of Columbia Banking System in a research report on Thursday, September 25th. They issued a “hold” rating and a $28.00 price target on the stock. Barclays decreased their price objective on shares of Columbia Banking System from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Wednesday, October 8th. Piper Sandler set a $33.00 target price on shares of Columbia Banking System in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lifted their price target on shares of Columbia Banking System from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.38.

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.