Columbia Banking System, Inc. (NASDAQ:COLB – Get an assessment) CFO Aaron James Cerf bought 748 shares in a trade on Thursday, June 30. The stock was purchased at an average price of $25.79 per share, for a total transaction of $19,290.92. Following the completion of the purchase, the CFO now directly owns 16,175 shares of the company, valued at approximately $417,153.25. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink.
Aaron James Deer also recently made the following trade(s):
- On Monday, May 2, Aaron James Deer acquired 3,000 shares of Columbia Banking System. The shares were purchased at an average cost of $28.00 per share, with a total value of $84,000.00.
Shares of NASDAQ:COLB opened at $29.82 on Monday. The company has a market capitalization of $2.35 billion, a P/E ratio of 10.65 and a beta of 0.67. Columbia Banking System, Inc. has a 52-week low of $26.97 and a 52-week high of $40.78. The company has a fifty-day simple moving average of $29.09 and a 200-day simple moving average of $32.26.
Colombian banking system (NASDAQ:COLB – Get an assessment) last reported results on Thursday, April 21. The financial services provider reported earnings per share (EPS) of $0.81 for the quarter, beating analyst consensus estimates of $0.66 by $0.15. Columbia Banking System had a net margin of 31.91% and a return on equity of 9.30%. The company posted revenue of $170.38 million in the quarter, versus a consensus estimate of $166.09 million. In the same quarter of the previous year, the company achieved EPS of $0.73. The company’s revenue increased 15.8% year over year. Research analysts expect Columbia Banking System, Inc. to post earnings per share of 2.63 for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 18. Investors of record on Wednesday, May 4 received a dividend of $0.30. The ex-dividend date was Tuesday, May 3. This represents an annualized dividend of $1.20 and a yield of 4.02%. Columbia Banking System’s payout rate is 42.86%.
A number of hedge funds and other institutional investors have recently bought and sold shares of COLB. Crossmark Global Holdings Inc. increased its stake in shares of Columbia Banking System by 6.3% during the first quarter. Crossmark Global Holdings Inc. now owns 7,120 shares of the financial services provider valued at $230,000 after purchasing an additional 420 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Columbia Banking System by 3.0% during the first quarter. Mercer Global Advisors Inc. ADV now owns 16,106 shares of the financial services provider valued at $520,000 after purchasing an additional 465 shares during the period. Guggenheim Capital LLC increased its stake in shares of Columbia Banking System by 5.1% during the third quarter. Guggenheim Capital LLC now owns 9,617 shares of the financial services provider valued at $365,000 after purchasing an additional 469 shares during the period. Profund Advisors LLC increased its stake in shares of Columbia Banking System by 6.5% during the fourth quarter. Profund Advisors LLC now owns 8,703 shares of the financial services provider valued at $285,000 after purchasing an additional 529 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in Columbia Banking System shares by 5.5% during the first quarter. Mutual of America Capital Management LLC now owns 11,201 shares of the financial services provider valued at $361,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors hold 94.44% of the company’s shares.
Several brokerages have recently released reports on COLB. Piper Sandler cut its price target on Columbia Banking System from $35.00 to $31.00 in a Monday, May 2 report. Royal Bank of Canada raised its price target on Columbia Banking System from $35.00 to $36.00 and gave the stock an “sector performance” rating in a Friday, April 22 research 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 research report on Friday, April 22. To finish, StockNews.com launched a coverage on Columbia Banking System in a research report on Thursday, March 31. They set a “holding” rating for the company. Four analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.60.
About the Columbia Banking System (Get an assessment)
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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