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Louisiana State Staff Retirement System trimmed its holdings in Columbia Banking System Inc (NASDAQ:COLB) by 1.5% through the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities and Alternate Fee. The fund owned 27,00zero shares of the monetary providers supplier’s inventory after promoting 400 shares through the interval. Louisiana State Staff Retirement System’s holdings in Columbia Banking System have been price $996,00zero as of its most up-to-date submitting with the Securities and Alternate Fee.
Different massive traders have additionally lately added to or lowered their stakes within the firm. Advisors Most well-liked LLC purchased a brand new stake in Columbia Banking System within the second quarter valued at $26,00zero. TRUE Personal Wealth Advisors purchased a brand new stake in Columbia Banking System within the second quarter valued at $86,00zero. Quantamental Applied sciences LLC lifted its stake in Columbia Banking System by 205.5% within the second quarter. Quantamental Applied sciences LLC now owns 2,982 shares of the monetary providers supplier’s inventory valued at $108,00zero after shopping for a further 2,006 shares over the last quarter. Captrust Monetary Advisors lifted its stake in Columbia Banking System by 32.1% within the second quarter. Captrust Monetary Advisors now owns three,995 shares of the monetary providers supplier’s inventory valued at $145,00zero after shopping for a further 970 shares over the last quarter. Lastly, Strs Ohio lifted its stake in Columbia Banking System by 14.three% within the second quarter. Strs Ohio now owns four,800 shares of the monetary providers supplier’s inventory valued at $173,00zero after shopping for a further 600 shares over the last quarter. Institutional traders personal 89.71% of the corporate’s inventory.
Quite a few equities analysis analysts have issued studies on COLB shares. Royal Financial institution of Canada set a $40.00 goal worth on Columbia Banking System and gave the corporate a “maintain” ranking in a analysis word on Friday, October 25th. ValuEngine upgraded shares of Columbia Banking System from a “promote” ranking to a “maintain” ranking in a analysis word on Tuesday, October 29th. Zacks Investment Research minimize shares of Columbia Banking System from a “maintain” ranking to a “promote” ranking in a analysis word on Monday, October 28th. BidaskClub upgraded shares of Columbia Banking System from a “purchase” ranking to a “strong-buy” ranking in a analysis word on Wednesday, November sixth. Lastly, Stephens reaffirmed a “maintain” ranking and set a $38.00 goal worth on shares of Columbia Banking System in a report on Thursday, October 24th. One analysis analyst has rated the inventory with a promote ranking, 4 have issued a maintain ranking and one has assigned a robust purchase ranking to the corporate. The corporate presently has a median ranking of “Maintain” and a median goal worth of $38.67.
NASDAQ:COLB opened at $40.02 on Thursday. The enterprise’s 50-day shifting common worth is $37.86 and its 200 day shifting common worth is $36.21. The agency has a market cap of $2.94 billion, a P/E ratio of 16.20 and a beta of 1.08. Columbia Banking System Inc has a 52-week low of $30.65 and a 52-week excessive of $41.05. The corporate has a fast ratio of zero.83, a present ratio of zero.83 and a debt-to-equity ratio of zero.23.
Columbia Banking System (NASDAQ:COLB) final issued its quarterly earnings outcomes on Thursday, October 24th. The monetary providers supplier reported $zero.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $zero.61 by $zero.09. The agency had income of $150.48 million for the quarter, in comparison with analysts’ expectations of $146.70 million. Columbia Banking System had a return on fairness of 9.21% and a web margin of 31.02%. Throughout the identical quarter final 12 months, the enterprise posted $zero.63 EPS. Promote-side analysts anticipate that Columbia Banking System Inc will put up 2.63 EPS for the present 12 months.
The enterprise additionally lately declared a quarterly dividend, which will likely be paid on Wednesday, November 20th. Traders of file on Wednesday, November sixth will likely be paid a $zero.28 dividend. The ex-dividend date is Tuesday, November fifth. This represents a $1.12 dividend on an annualized foundation and a yield of two.80%. Columbia Banking System’s dividend payout ratio is presently 45.34%.
In different Columbia Banking System information, EVP David C. Lawson bought 1,164 shares of Columbia Banking System inventory in a transaction dated Tuesday, October 29th. The inventory was bought at a median worth of $39.95, for a complete transaction of $46,501.80. Following the transaction, the manager vp now owns 16,544 shares of the corporate’s inventory, valued at roughly $660,932.80. The transaction was disclosed in a doc filed with the SEC, which is accessible at this hyperlink. Insiders personal zero.92% of the corporate’s inventory.
Columbia Banking System Firm Profile
Columbia Banking System, Inc operates because the financial institution holding firm for Columbia State Financial institution that gives a variety of banking providers to small and medium-sized companies, professionals, and people in Washington, Oregon, and Idaho. It affords private banking services and products, together with noninterest and interest-bearing checking, saving, cash market, and certificates of deposit accounts; dwelling mortgages for purchases and refinances, dwelling fairness loans and contours of credit score, and private loans; debit and bank cards; and digital banking providers.
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