Nisa Investment Advisors LLC Has $1.34 Million Stock Holdings in Columbia Banking System, Inc. (NASDAQ:COLB)

Nisa Investment Advisors LLC grew its holdings in Columbia Banking System, Inc. (NASDAQ:COLB) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,684 shares of the financial services provider’s stock after buying an additional 621 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Columbia Banking System were worth $1,342,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Columbia Banking System by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,109,253 shares of the financial services provider’s stock worth $185,623,000 after purchasing an additional 178,327 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Columbia Banking System by 31.9% during the 3rd quarter. Wellington Management Group LLP now owns 6,659,255 shares of the financial services provider’s stock worth $173,873,000 after purchasing an additional 1,611,563 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Columbia Banking System by 33.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,263,432 shares of the financial services provider’s stock worth $59,099,000 after purchasing an additional 562,467 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Columbia Banking System by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 1,614,940 shares of the financial services provider’s stock worth $42,166,000 after purchasing an additional 53,847 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Columbia Banking System by 14.2% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,534,798 shares of the financial services provider’s stock worth $40,074,000 after purchasing an additional 190,311 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COLB shares. Truist Financial increased their target price on shares of Columbia Banking System from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company raised shares of Columbia Banking System from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $33.00 to $35.00 in a report on Monday, January 6th. StockNews.com raised shares of Columbia Banking System from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Barclays increased their price objective on shares of Columbia Banking System from $29.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, December 5th. Finally, Wedbush increased their price objective on shares of Columbia Banking System from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $30.00.

Columbia Banking System Trading Up 0.6 %

Shares of NASDAQ COLB opened at $28.13 on Tuesday. The firm has a market capitalization of $5.89 billion, a PE ratio of 12.18 and a beta of 0.67. Columbia Banking System, Inc. has a 1 year low of $17.08 and a 1 year high of $32.85. The firm’s 50-day moving average is $28.73 and its 200-day moving average is $26.83.

Columbia Banking System (NASDAQ:COLB) last released its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. As a group, equities research analysts anticipate that Columbia Banking System, Inc. will post 2.66 earnings per share for the current fiscal year.

Columbia Banking System Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.12%. The ex-dividend date was Friday, November 29th. Columbia Banking System’s payout ratio is 62.34%.

About Columbia Banking System

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.