Columbia Banking System, Inc. (COLB) Shares Sold by Chartwell Investment Partners LLC, Report finds

Columbia Banking System, Inc. (COLB) Shares Sold by Chartwell Investment Partners LLC, Report finds

Chartwell Investment Partners LLC reduced its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 507,750 shares of the financial services provider’s stock after selling 18,200 shares during the period. Chartwell Investment Partners LLC owned 0.87% of Columbia Banking System worth $16,614,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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. Anchor Capital Advisors LLC raised its stake in shares of 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. Finally, JPMorgan Chase & Co. raised its stake in shares of Columbia Banking System by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 169,419 shares of the financial services provider’s stock valued at $4,754,000 after buying an additional 3,290 shares during the period. Institutional investors and hedge funds own 90.44% of the company’s stock.

Columbia Banking System, Inc. (NASDAQ:COLB) traded down 1.89% during trading on Wednesday, hitting $38.47. 326,437 shares of the stock traded hands. Columbia Banking System, Inc. has a 52-week low of $26.17 and a 52-week high of $45.68. The stock has a market cap of $2.23 billion, a P/E ratio of 21.25 and a beta of 1.32. The company’s 50 day moving average price is $42.08 and its 200-day moving average price is $36.37.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $108.07 million for the quarter, compared to analysts’ expectations of $111.40 million. Columbia Banking System had a net margin of 24.61% and a return on equity of 8.44%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Equities research analysts forecast that Columbia Banking System, Inc. will post $1.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. This is a boost from Columbia Banking System’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 6th. Columbia Banking System’s dividend payout ratio is presently 48.62%.

Separately, Zacks Investment Research upgraded shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, October 31st.

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.

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. (NASDAQ:COLB).

Related posts

Leave a Comment

Columbia Banking System, Inc. (COLB) Shares Sold by Chartwell Investment Partners LLC

Columbia Banking System, Inc. (COLB) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC reduced its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 507,750 shares of the financial services provider’s stock after selling 18,200 shares during the period. Chartwell Investment Partners LLC owned 0.87% of Columbia Banking System worth $16,614,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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. Anchor Capital Advisors LLC raised its stake in shares of 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. Finally, JPMorgan Chase & Co. raised its stake in shares of Columbia Banking System by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 169,419 shares of the financial services provider’s stock valued at $4,754,000 after buying an additional 3,290 shares during the period. Institutional investors and hedge funds own 90.44% of the company’s stock.

Columbia Banking System, Inc. (NASDAQ:COLB) traded down 1.89% during trading on Wednesday, hitting $38.47. 326,437 shares of the stock traded hands. Columbia Banking System, Inc. has a 52-week low of $26.17 and a 52-week high of $45.68. The stock has a market cap of $2.23 billion, a P/E ratio of 21.25 and a beta of 1.32. The company’s 50 day moving average price is $42.08 and its 200-day moving average price is $36.37.

Columbia Banking System (NASDAQ:COLB) last issued its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm had revenue of $108.07 million for the quarter, compared to analysts’ expectations of $111.40 million. Columbia Banking System had a net margin of 24.61% and a return on equity of 8.44%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Equities research analysts forecast that Columbia Banking System, Inc. will post $1.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.29%. This is a boost from Columbia Banking System’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Monday, February 6th. Columbia Banking System’s dividend payout ratio is presently 48.62%.

Separately, Zacks Investment Research upgraded shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, October 31st.

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.

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. (NASDAQ:COLB).

Related posts

Leave a Comment