Columbia Banking System, Inc. (NASDAQ:COLB) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,519 shares of the financial services provider’s stock after selling 3,122 shares during the period. Yousif Capital Management LLC’s holdings in Columbia Banking System were worth $1,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COLB. GAMMA Investing LLC increased its position in shares of Columbia Banking System by 54.9% in the third quarter. GAMMA Investing LLC now owns 3,640 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,290 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Columbia Banking System by 1,507.6% in the third quarter. Farther Finance Advisors LLC now owns 4,855 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 4,553 shares in the last quarter. Signaturefd LLC increased its position in shares of Columbia Banking System by 14.0% in the third quarter. Signaturefd LLC now owns 5,767 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 709 shares in the last quarter. Blue Trust Inc. increased its position in shares of Columbia Banking System by 14.9% in the fourth quarter. Blue Trust Inc. now owns 6,745 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 875 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Columbia Banking System in the third quarter worth $208,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System Price Performance

Shares of COLB stock opened at $27.99 on Wednesday. The firm has a market cap of $5.86 billion, a P/E ratio of 11.02 and a beta of 0.66. Columbia Banking System, Inc. has a 1-year low of $17.08 and a 1-year high of $32.85. The firm has a fifty day moving average of $28.04 and a two-hundred day moving average of $27.16.

Columbia Banking System (NASDAQ:COLB) last announced 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 17.99% and a return on equity of 11.21%. On average, sell-side analysts expect that Columbia Banking System, Inc. will post 2.72 EPS for the current year.

Columbia Banking System Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Friday, November 29th. Columbia Banking System’s dividend payout ratio (DPR) is presently 56.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective 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 upgraded shares of Columbia Banking System from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $33.00 to $35.00 in a research note on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Columbia Banking System from $29.00 to $31.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. Barclays upped their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Columbia Banking System from $34.00 to $33.00 and set a “market perform” rating for the company in a research note on Friday, January 24th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.38.

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.