Columbia Banking System, Inc. (COLB) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lessened its position in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 5.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,470 shares of the financial services provider’s stock after selling 21,223 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.50% of Columbia Banking System worth $15,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. D.A. Davidson & CO. grew its holdings in Columbia Banking System by 2.1% during the 2nd quarter. D.A. Davidson & CO. now owns 3,631 shares of the financial services provider’s stock valued at $144,000 after buying an additional 73 shares in the last quarter. Amalgamated Bank grew its holdings in Columbia Banking System by 1.1% during the 2nd quarter. Amalgamated Bank now owns 7,945 shares of the financial services provider’s stock valued at $317,000 after buying an additional 84 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Columbia Banking System by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 23,800 shares of the financial services provider’s stock valued at $948,000 after buying an additional 100 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in Columbia Banking System by 0.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 39,058 shares of the financial services provider’s stock valued at $1,556,000 after buying an additional 100 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Columbia Banking System by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 30,459 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Shares of Columbia Banking System, Inc. (COLB) traded down $0.58 during mid-day trading on Thursday, hitting $43.95. The company had a trading volume of 237,400 shares, compared to its average volume of 362,558. Columbia Banking System, Inc. has a 52-week low of $35.67 and a 52-week high of $45.68. The company has a market cap of $3,251.52, a price-to-earnings ratio of 20.24, a P/E/G ratio of 2.02 and a beta of 1.24.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.18. Columbia Banking System had a return on equity of 9.93% and a net margin of 27.72%. The firm had revenue of $126.00 million during the quarter, compared to analyst estimates of $119.16 million. During the same period last year, the company earned $0.47 EPS. Columbia Banking System’s quarterly revenue was up 16.9% compared to the same quarter last year. research analysts anticipate that Columbia Banking System, Inc. will post 2.2 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, October 30th. Columbia Banking System’s dividend payout ratio is currently 40.00%.

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COLB has been the subject of several research analyst reports. Zacks Investment Research upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Piper Jaffray Companies raised Columbia Banking System from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $43.00 to $46.00 in a research note on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $48.00 price objective (up from $45.00) on shares of Columbia Banking System in a research note on Tuesday, October 17th. BidaskClub lowered Columbia Banking System from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Columbia Banking System in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.60.

About Columbia Banking System

Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.

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

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