Leeward Investments LLC MA Has $23.40 Million Holdings in Columbia Banking System, Inc. $COLB

Leeward Investments LLC MA trimmed its position in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 2.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 909,207 shares of the financial services provider’s stock after selling 20,311 shares during the quarter. Columbia Banking System accounts for 1.2% of Leeward Investments LLC MA’s investment portfolio, making the stock its 15th largest holding. Leeward Investments LLC MA’s holdings in Columbia Banking System were worth $23,403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COLB. Wedbush Securities Inc. increased its stake in Columbia Banking System by 4.5% during the 3rd quarter. Wedbush Securities Inc. now owns 9,915 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 423 shares in the last quarter. Peregrine Asset Advisers Inc. lifted its position in shares of Columbia Banking System by 4.9% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 9,774 shares of the financial services provider’s stock worth $252,000 after buying an additional 457 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Columbia Banking System by 4.8% in the second quarter. Tower Research Capital LLC TRC now owns 11,758 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 534 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Columbia Banking System by 26.6% during the 2nd quarter. Blue Trust Inc. now owns 2,718 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 571 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Columbia Banking System by 53.5% in the 2nd quarter. Bessemer Group Inc. now owns 1,790 shares of the financial services provider’s stock worth $42,000 after buying an additional 624 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors.

Columbia Banking System Trading Up 0.8%

Shares of COLB stock opened at $31.49 on Friday. The firm’s 50 day moving average is $29.31 and its 200 day moving average is $27.26. The stock has a market capitalization of $9.42 billion, a P/E ratio of 13.93 and a beta of 0.61. Columbia Banking System, Inc. has a 12 month low of $19.61 and a 12 month high of $32.70.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.10. The business had revenue of $715.00 million during the quarter, compared to analyst estimates of $693.23 million. Columbia Banking System had a net margin of 17.11% and a return on equity of 11.40%. During the same period in the previous year, the business earned $0.71 EPS. On average, equities analysts predict that Columbia Banking System, Inc. will post 2.71 EPS for the current year.

Columbia Banking System Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, February 27th. Columbia Banking System’s payout ratio is presently 65.49%.

Insider Transactions at Columbia Banking System

In other Columbia Banking System news, Director Steven R. Gardner sold 13,725 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $29.43, for a total value of $403,926.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

COLB has been the subject of a number of research analyst reports. Citigroup raised their price objective on shares of Columbia Banking System from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Columbia Banking System in a research note on Monday, December 29th. Keefe, Bruyette & Woods lifted their price target on shares of Columbia Banking System from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Wednesday, December 17th. UBS Group reissued a “neutral” rating and set a $33.00 price objective on shares of Columbia Banking System in a report on Wednesday, February 4th. Finally, TD Cowen reissued a “hold” rating on shares of Columbia Banking System in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Columbia Banking System currently has a consensus rating of “Hold” and an average price target of $31.88.

About Columbia Banking System

Columbia Banking System, Inc is a bank holding company that operates through its principal subsidiary, Columbia State Bank. Headquartered in Tacoma, Washington, the company provides a full range of banking and financial services to commercial, small business and consumer customers. Its branch network is concentrated in the Pacific Northwest, with locations across Washington, Oregon and Idaho, where it aims to combine local decision-making with the resources of a larger institution.

The company’s offerings include commercial real estate lending, construction and development financing, equipment and small business loans, and deposit products such as checking, savings and money market accounts.