Columbia Banking System, Inc. (NASDAQ:COLB – Get a rating) CFO Aaron James Cerf bought 3,000 shares of the company in a trade on Monday, May 2. The shares were acquired at an average price of $28.00 per share, with a total value of $84,000.00. Following the transaction, the CFO now directly owns 15,427 shares of the company, valued at $431,956. The transaction was disclosed in a filing with the Securities & Exchange Commission, available at this link.
Aaron James Deer also recently made the following trade(s):
- On Thursday, February 24, Aaron James Deer purchased 3,000 shares of Columbia Banking System. The shares were purchased at an average price of $33.45 per share, with a total value of $100,350.00.
Shares of NASDAQ:COLB opened at $29.79 on Friday. The company has a market capitalization of $2.34 billion, a price-earnings ratio of 10.64 and a beta of 0.68. Columbia Banking System, Inc. has a 52-week low of $27.95 and a 52-week high of $44.75. The company has a 50-day moving average of $32.25 and a 200-day moving average of $33.85.
Colombian banking system (NASDAQ:COLB – Get a rating) last released its quarterly earnings data on Thursday, April 21. The financial services provider reported EPS of $0.74 for the quarter, beating analyst consensus estimates of $0.68 by $0.06. The company posted revenue of $170.38 million in the quarter, versus a consensus estimate of $166.09 million. Columbia Banking System had a net margin of 31.91% and a return on equity of 9.30%. Columbia Banking System’s revenue for the quarter increased 15.8% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.73. As a group, stock analysts expect Columbia Banking System, Inc. to post earnings per share of 2.6 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 18. Shareholders of record on Wednesday, May 4 will receive a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Tuesday, May 3. Columbia Banking System’s payout ratio is currently 42.86%.
A number of analysts have recently released reports on the company. Royal Bank of Canada raised its price target on Columbia Banking System from $35.00 to $36.00 and gave the company an “industry performance” rating in a Friday, April 22 report. Keefe, Bruyette & Woods assumed coverage of the Columbia banking system in a report on Friday, February 11. They issued a “market performance” rating for the company. Zacks Investment Research upgraded Columbia Banking System from a “hold” rating to a “strong-buy” rating and set a price target of $38.00 for the company in a Thursday, March 31 report. Raymond James lowered his price target on Columbia Banking System from $40.00 to $38.00 and set an “outperform” rating for the company in a Friday, April 22 report. To finish, StockNews.com assumed coverage on Columbia Banking System in a Thursday, March 31, report. They issued a “holding” rating for the company. Four analysts gave the stock a hold rating, two gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $36.00.
Several hedge funds have recently changed their holdings in COLB. Morgan Stanley increased its position in Columbia Banking System shares by 18.2% during the second quarter. Morgan Stanley now owns 406,883 shares of the financial services provider worth $15,689,000 after buying an additional 62,511 shares last quarter. Commonwealth Equity Services LLC increased its position in shares of Columbia Banking System by 6.8% during the third quarter. Commonwealth Equity Services LLC now owns 19,109 shares of the financial services provider worth $725,000 after buying 1,215 additional shares last quarter. Raymond James & Associates increased its position in shares of Columbia Banking System by 54.3% during the third quarter. Raymond James & Associates now owns 206,819 shares of the financial services provider worth $7,857,000 after buying an additional 72,788 shares last quarter. Moors & Cabot Inc. acquired a new position in shares of Columbia Banking System during the third quarter worth $329,000. Finally, Keybank National Association OH increased its position in Columbia Banking System shares by 5.7% during the third quarter. Keybank National Association OH now owns 34,881 shares of the financial services provider worth $1,325,000 after buying an additional 1,881 shares last quarter. 94.44% of the shares are currently held by institutional investors and hedge funds.
Columbia Banking System Company Profile (Get a rating)
Columbia Banking System, Inc operates as a bank holding company for Columbia State Bank which provides a range of banking services to small and medium businesses, professionals and individuals in the United States. It offers personal banking products and services, including interest-free and interest-bearing checks, savings accounts, money market and certificates of deposit; home mortgages for purchases and refinances, home equity loans and lines of credit and other personal loans; debit and credit cards; and digital banking.
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