3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC grew its holdings in Columbia Banking System, Inc. ( NASDAQ:COLB – Free Report ) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 7,455 shares of the financial services provider’s stock after purchasing an additional 2,515 shares during the period. CIBC Private Wealth Group LLC’s holdings in Columbia Banking System were worth $202,000 at the end of the most recent quarter. A number of other institutional investors also recently modified their holdings of COLB.
Pictet Asset Management Holding SA raised its holdings in Columbia Banking System by 9.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 29,220 shares of the financial services provider’s stock valued at $789,000 after acquiring an additional 2,417 shares during the period.
New Age Alpha Advisors LLC purchased a new position in shares of Columbia Banking System in the fourth quarter valued at $177,000. Norges Bank bought a new stake in shares of Columbia Banking System during the 4th quarter valued at $65,249,000. JPMorgan Chase & Co.
lifted its holdings in Columbia Banking System by 158.3% during the 4th quarter. JPMorgan Chase & Co.
now owns 1,851,217 shares of the financial services provider’s stock worth $50,001,000 after purchasing an additional 1,134,544 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in Columbia Banking System by 29.0% in the 4th quarter.
LPL Financial LLC now owns 96,670 shares of the financial services provider’s stock worth $2,611,000 after purchasing an additional 21,713 shares during the period. 92.53% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Banking System Trading Down 4.8 % NASDAQ COLB opened at $20.78 on Monday.
The stock has a 50-day moving average of $26.05 and a 200-day moving average of $27.49.
Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $32.
85. The firm has a market cap of $4.36 billion, a PE ratio of 8.
18 and a beta of 0.53. Columbia Banking System Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, March 17th.
Shareholders of record on Friday, February 28th were issued a $0.36 dividend. This represents a $1.
44 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Friday, February 28th.
Columbia Banking System’s dividend payout ratio (DPR) is presently 56.69%. Wall Street Analyst Weigh In Several brokerages have recently weighed in on COLB.
JPMorgan Chase & Co. decreased their price target on Columbia Banking System from $32.00 to $30.
00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Citigroup decreased their target price on shares of Columbia Banking System from $31.00 to $30.
00 and set a “neutral” rating on the stock in a report on Monday, January 27th. UBS Group started coverage on shares of Columbia Banking System in a report on Tuesday, December 17th. They issued a “neutral” rating and a $32.
00 price target for the company. Keefe, Bruyette & Woods cut their price objective on Columbia Banking System from $34.00 to $33.
00 and set a “market perform” rating for the company in a report on Friday, January 24th. Finally, Stephens lowered their target price on shares of Columbia Banking System from $33.00 to $31.
00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.25. View Our Latest Research Report on COLB Insider Buying and Selling at Columbia Banking System In other Columbia Banking System news, VP Torran B.
Nixon sold 4,481 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $25.99, for a total value of $116,461.
19. Following the completion of the sale, the vice president now owns 104,869 shares in the company, valued at approximately $2,725,545.31.
This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .
Corporate insiders own 0.62% of the company’s stock. Columbia Banking System Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding COLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Banking System, Inc.
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