Kennedy Capital Management Inc. lowered its position in Columbia Banking System, Inc. (NASDAQ:COLB) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,559 shares of the financial services provider’s stock after selling 4,415 shares during the period. Kennedy Capital Management Inc. owned about 0.30% of Columbia Banking System worth $6,956,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COLB. Bank of Montreal Can raised its holdings in shares of Columbia Banking System by 193.2% in the first quarter. Bank of Montreal Can now owns 52,407 shares of the financial services provider’s stock valued at $2,043,000 after purchasing an additional 34,534 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Columbia Banking System by 2.9% in the first quarter. Nationwide Fund Advisors now owns 88,645 shares of the financial services provider’s stock valued at $3,456,000 after purchasing an additional 2,534 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Columbia Banking System by 32.9% in the first quarter. Wells Fargo & Company MN now owns 188,843 shares of the financial services provider’s stock valued at $7,362,000 after purchasing an additional 46,732 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Columbia Banking System by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 80,938 shares of the financial services provider’s stock valued at $3,154,000 after purchasing an additional 4,974 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Columbia Banking System by 9.7% in the first quarter. US Bancorp DE now owns 31,830 shares of the financial services provider’s stock valued at $1,241,000 after purchasing an additional 2,802 shares during the last quarter. Institutional investors own 96.75% of the company’s stock.

Several equities analysts recently weighed in on COLB shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price target on shares of Columbia Banking System in a research report on Friday, June 16th. BidaskClub lowered shares of Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Royal Bank Of Canada restated a “hold” rating and set a $42.00 price target on shares of Columbia Banking System in a research report on Friday, July 28th. Finally, Piper Jaffray Companies upgraded shares of Columbia Banking System from a “neutral” rating to an “overweight” rating and increased their price target for the company from $43.00 to $46.00 in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.40.

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In other Columbia Banking System news, CFO Clint Stein sold 8,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.09, for a total value of $320,720.00. Following the completion of the transaction, the chief financial officer now owns 22,877 shares of the company’s stock, valued at approximately $917,138.93. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.23% of the stock is currently owned by insiders.

Columbia Banking System, Inc. (COLB) opened at 36.96 on Tuesday. The company’s 50-day moving average is $37.90 and its 200 day moving average is $38.80. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 18.77 and a beta of 1.24. Columbia Banking System, Inc. has a 52-week low of $31.60 and a 52-week high of $45.68.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.01. Columbia Banking System had a return on equity of 8.99% and a net margin of 25.82%. The business had revenue of $110.30 million during the quarter, compared to analysts’ expectations of $112.27 million. During the same period last year, the firm posted $0.44 EPS. Equities analysts forecast that Columbia Banking System, Inc. will post $2.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Monday, August 7th. Columbia Banking System’s dividend payout ratio (DPR) is 44.67%.

Columbia Banking System Profile

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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