JPMorgan Chase & Co. Has $5,554,000 Position in Columbia Banking System, Inc. (COLB)

JPMorgan Chase & Co. boosted its position in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 169,740 shares of the financial services provider’s stock after buying an additional 321 shares during the period. JPMorgan Chase & Co. owned about 0.29% of Columbia Banking System worth $5,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COLB. Capstone Asset Management Co. boosted its position in Columbia Banking System by 0.8% in the second quarter. Capstone Asset Management Co. now owns 15,740 shares of the financial services provider’s stock valued at $442,000 after buying an additional 120 shares during the period. Louisiana State Employees Retirement System boosted its position in Columbia Banking System by 0.4% in the second quarter. Louisiana State Employees Retirement System now owns 25,700 shares of the financial services provider’s stock valued at $721,000 after buying an additional 100 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Columbia Banking System by 52.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 614,022 shares of the financial services provider’s stock valued at $17,229,000 after buying an additional 211,400 shares during the period. Boston Private Wealth LLC boosted its position in Columbia Banking System by 1.4% in the second quarter. Boston Private Wealth LLC now owns 23,950 shares of the financial services provider’s stock valued at $672,000 after buying an additional 335 shares during the period. Finally, Anchor Capital Advisors LLC boosted its position in Columbia Banking System by 1.7% in the second quarter. Anchor Capital Advisors LLC now owns 35,600 shares of the financial services provider’s stock valued at $999,000 after buying an additional 609 shares during the period. Hedge funds and other institutional investors own 90.59% of the company’s stock.

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

Shares of Columbia Banking System, Inc. (NASDAQ:COLB) traded up 2.00% on Wednesday, reaching $42.89. 323,295 shares of the company traded hands. The firm has a 50-day moving average price of $42.85 and a 200 day moving average price of $34.37. The company has a market capitalization of $2.49 billion, a PE ratio of 24.65 and a beta of 1.36. Columbia Banking System, Inc. has a one year low of $26.17 and a one year high of $45.68.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Columbia Banking System had a net margin of 23.77% and a return on equity of 8.28%. Equities analysts forecast that Columbia Banking System, Inc. will post $1.79 EPS for the current fiscal year.

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Separately, Zacks Investment Research cut shares of Columbia Banking System from a “buy” rating to a “hold” rating in a report on Monday, October 10th.

Columbia Banking System Company Profile

Columbia Banking System, Inc is a bank holding company of Columbia State Bank (the Bank) and West Coast Trust Company, Inc The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho.

5 Day Chart for NASDAQ:COLB

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