Columbia Banking System, Inc. (NASDAQ:COLB – Get a rating) CFO Aaron James Cerf purchased 748 shares in a trade dated Thursday, June 30. The shares were purchased at an average price of $25.79 per share, with a total value of $19,290.92. Following the completion of the transaction, the CFO now owns 16,175 shares of the company, valued at $417,153.25. The purchase was disclosed in an SEC filing, available at the SEC website.
Aaron James Deer also recently made the following trade(s):
- On Monday, May 2, Aaron James Deer purchased 3,000 shares of Columbia Banking System. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $84,000.00.
Shares of COLB traded at $1.11 at midday on Friday, hitting $29.76. The company’s stock had a trading volume of 152,273 shares, compared to an average volume of 867,368. Columbia Banking System, Inc. has a 12-month low of $26.97 and a 12-month high of 40.78 $. The company’s 50-day moving average is $29.12 and its 200-day moving average is $32.29. The stock has a market capitalization of $2.34 billion, a PE ratio of 10.37 and a beta of 0.68.
Colombia Banking System (NASDAQ:COLB – Get a rating) last reported quarterly earnings data on Thursday, April 21. The financial services provider reported earnings per share of $0.81 for the quarter, beating the consensus estimate of $0.66 by $0.15. The company posted revenue of $170.38 million in the quarter, versus analyst estimates of $166.09 million. Columbia Banking System had a return on equity of 9.30% and a net margin of 31.91%. Columbia Banking System’s quarterly revenue increased 15.8% year over year. During the same period of the previous year, the company made earnings per share of $0.73. Sell-side analysts expect Columbia Banking System, Inc. to post EPS of 2.61 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 18. Shareholders of record on Wednesday, May 4 received a dividend of $0.30 per share. This represents a dividend of $1.20 on an annualized basis and a yield of 4.03%. The ex-dividend date was Tuesday, May 3. Columbia Banking System’s dividend payout ratio (DPR) is currently 42.86%.
Several large investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its stake in Columbia Banking System by 5.1% in the third quarter. Guggenheim Capital LLC now owns 9,617 shares of the financial services provider worth $365,000 after buying 469 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Columbia Banking System by 116.4% in the third quarter. BNP Paribas Arbitrage SA now owns 87,720 shares of the financial services provider worth $3,332,000 after purchasing an additional 47,178 shares during the period. Captrust Financial Advisors increased its stake in Columbia Banking System by 18.4% during the third quarter. Captrust Financial Advisors now owns 11,115 shares of the financial services provider valued at $422,000 after purchasing an additional 1,726 shares during the period. Bank of New York Mellon Corp increased its position in Columbia Banking System shares by 19.9% in the third quarter. Bank of New York Mellon Corp now owns 1,627,370 shares of the financial services provider worth $61,824,000 after buying an additional 270,428 shares last quarter. Finally, American International Group Inc. strengthened its position in Columbia Banking System by 5.1% in the 3rd quarter. American International Group Inc. now owns 49,110 shares of the financial services provider valued at $1,866,000 after acquiring 2,391 additional shares last quarter. 94.44% of the shares are currently held by hedge funds and other institutional investors.
COLB has been the subject of a number of recent research reports. StockNews.com launched a hedge on Columbia Banking System shares in a Thursday, March 31 report. They issued a “hold” rating on the stock. Piper Sandler cut its target price on Columbia Banking System stock from $35.00 to $31.00 in a Monday, May 2 report. Royal Bank of Canada raised its price target on Columbia Banking System shares from $35.00 to $36.00 and gave the company an ‘industry performance’ rating in a Friday 22 research note. april. Finally, Raymond James lowered his price target on Columbia Banking System shares from $40.00 to $38.00 and set an “outperform” rating on the stock in a Friday, April 22 report. Four research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, Columbia Banking System has a consensus rating of “Hold” and a consensus price target of $35.60.
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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