BlueCrest Capital Management Ltd bought a new position in Columbia Banking System, Inc. (NASDAQ:COLB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 71,294 shares of the financial services provider’s stock, valued at approximately $2,841,000. BlueCrest Capital Management Ltd owned 0.12% of Columbia Banking System as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First National Bank of Omaha purchased a new position in shares of Columbia Banking System during the second quarter valued at $1,066,000. Tudor Investment Corp ET AL increased its stake in shares of Columbia Banking System by 70.4% during the first quarter. Tudor Investment Corp ET AL now owns 9,313 shares of the financial services provider’s stock valued at $363,000 after buying an additional 3,849 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Columbia Banking System by 33.2% during the second quarter. Eagle Asset Management Inc. now owns 191,575 shares of the financial services provider’s stock valued at $7,634,000 after buying an additional 47,708 shares during the period. BlackRock Inc. increased its stake in shares of Columbia Banking System by 49,309.5% during the first quarter. BlackRock Inc. now owns 7,207,371 shares of the financial services provider’s stock valued at $281,015,000 after buying an additional 7,192,784 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Columbia Banking System by 7.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 353,604 shares of the financial services provider’s stock valued at $13,788,000 after buying an additional 25,644 shares during the period. Hedge funds and other institutional investors own 96.24% of the company’s stock.

Shares of Columbia Banking System, Inc. (COLB) traded up 0.41% during trading on Tuesday, hitting $42.01. The stock had a trading volume of 28,957 shares. The company’s 50 day moving average price is $38.87 and its 200 day moving average price is $38.94. Columbia Banking System, Inc. has a 12 month low of $31.75 and a 12 month high of $45.68. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 21.34 and a beta of 1.26.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). The business had revenue of $110.30 million for the quarter, compared to analyst estimates of $112.27 million. Columbia Banking System had a return on equity of 8.99% and a net margin of 25.82%. During the same period in the prior year, the company posted $0.44 earnings per share. Equities research analysts expect that Columbia Banking System, Inc. will post $2.03 earnings per share for the current fiscal year.

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Several brokerages have recently commented on COLB. Zacks Investment Research lowered Columbia Banking System from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price target on shares of Columbia Banking System in a research note on Friday, June 16th. BidaskClub lowered Columbia Banking System from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Piper Jaffray Companies upgraded Columbia Banking System from a “neutral” rating to an “overweight” rating and raised their price target for the company from $43.00 to $46.00 in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $42.00 price target on shares of Columbia Banking System in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $44.40.

Columbia Banking System Company 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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