Raymond James Financial Services Advisors Inc. Columbia Banking System, Inc. Acquired 8,653 shares of (NASDAQ:COLB)

Raymond James Financial Services Advisors Inc. Columbia Banking System, Inc. increased my position in (NASDAQ:KOLB , free report) increased 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owns 55,708 shares of the financial services provider's stock after buying an additional 8,653 shares during the quarter. Raymond James Financial Services Advisors Inc.'s stake in Columbia Banking System was worth $1,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently increased or decreased their stakes in COLB. Eversource Wealth Advisors LLC increased its stake in Columbia Banking System by 1,506.8% in the 3rd quarter. Eversource Wealth Advisors LLC now owns 1,414 shares of the financial services provider's shares worth $29,000 after purchasing an additional 1,326 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Columbia Banking System in the 4th quarter worth $32,000. Nomura Asset Management Co. Ltd. increased its stake in Columbia Banking System by 152.2% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,589 shares of the financial services provider's shares worth $34,000 after purchasing an additional 959 shares in the last quarter. Global Retirement Partners LLC increased its stake in Columbia Banking System by 27.2% in the 3rd quarter. Global Retirement Partners LLC now owns 2,489 shares of the financial services provider's shares worth $47,000 after purchasing an additional 533 shares in the last quarter. Finally, Quarry LP increased its stake in Columbia Banking System by 898.8% in the 1st quarter. Quarry LP now owns 2,447 shares of the financial services provider's shares worth $52,000 after purchasing an additional 2,202 shares in the last quarter. 92.53% of the stock is held by institutional investors and hedge funds.

Insider Buying and Selling in the Columbia Banking System

In other news V.P. christopher merivale Bought 5,000 shares of the company's stock in a transaction on Tuesday, January 30th. The stock was purchased at an average cost of $21.09 per share, for a total transaction of $105,450.00. Following the completion of the transaction, the vice president now owns 50,727 shares of the company, valued at $1,069,832.43. The purchase was disclosed in a filing with the SEC, available here this hyperlink, In related news, Director Elizabeth Whitehead Seaton acquired 2,685 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $18.48 per share, for a total transaction of $49,618.80. Following the completion of the transaction, the director now directly owns 25,001 shares of the company's stock, valued at $462,018.48. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available SEC website, Also, V.P. christopher merivale Acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were purchased at an average price of $21.09 per share, for a total value of $105,450.00. Following the completion of the transaction, the vice president now directly owns 50,727 shares of the company's stock, valued at $1,069,832.43. Disclosure of this purchase can be found Here, In the last three months, insiders bought 35,133 shares of company stock worth $719,737. 0.62% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on COLB. Keefe, Bruyette & Woods decreased their target price on Columbia Banking System from $25.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Piper Sandler lowered their target price on Columbia Banking System from $36.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th. UBS Group lowered their target price on Columbia Banking System from $28.00 to $21.50 and set a “neutral” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada lowered their target price on Columbia Banking System from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday. At the end, StockNews.com Columbia Banking System was lowered from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. One research analyst has given a sell rating to the stock, eleven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.42.

Read our latest report on COLB

Columbia Banking System stock down 1.5%

shares of COLB Stock Opened at $17.65 on Friday. Columbia Banking System, Inc. The twelve-month low is $17.18 and the twelve-month high is $28.11. The company has a market cap of $3.69 billion, a P/E ratio of 10.70 and a beta of 0.71. The business has a fifty day simple moving average of $18.59 and a 200 day simple moving average of $21.23.

Colombia Banking System (NASDAQ:KOLB , GET FREE REPORT) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.79 ($0.35). Columbia Banking System had a return on equity of 10.27% and a net margin of 12.71%. The business's revenue for the quarter was $519.16 million, compared to the consensus estimate of $525.94 million. During the same quarter last year, the company earned $0.93 earnings per share. Columbia Banking System's quarterly revenue was up 52.5% compared to the same quarter last year. As a group, equities research analysts estimate that Columbia Banking System, Inc. It will earn Rs 2.28 earnings per share for the current financial year.

columbia banking system dividend announcement

The company also recently declared a quarterly dividend, paid on Monday, March 11th. Shareholders of record on Friday, February 23rd were given a dividend of $0.36. The ex-dividend date was Thursday, February 22. This represents a $1.44 annual dividend and a yield of 8.16%. Columbia Banking System's dividend payout ratio is currently 87.27%.

Colombia Banking System Profile

,free report,

Columbia Banking System, Inc. operates as the holding company for Umpqua Bank and provides banking, private banking, mortgages 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 sweeps and other investment sweep solutions.