Blakely Financial Group LLC acquired Columbia Banking System, Inc. Sold 1,343 shares of (NASDAQ:COLB)

Blakely Financial Group LLC acquired Columbia Banking System, Inc. Decreased its stake in the shares of.NASDAQ:KOLB , free report) increased 7.3% during the fourth quarter, according to the most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,064 shares of the financial services provider's stock after selling 1,343 shares during the period. Blakely Financial Group LLC's stake in Columbia Banking System was worth $455,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Macquarie Group Ltd. increased its stake in shares of Columbia Banking System by 3,669.2% in the 1st quarter. Macquarie Group Ltd. now owns 8,094,950 shares of the financial services provider's stock worth $173,405,000 after buying an additional 7,880,183 shares in the last quarter. BlackRock Inc. increased its stake in shares of Columbia Banking System by 65.9% in the 1st quarter. BlackRock Inc. now owns 18,791,230 shares of the financial services provider's stock worth $402,508,000 after buying an additional 7,465,846 shares in the last quarter. State Street Corp increased its stake in shares of Columbia Banking System by 91.2% in the 1st quarter. State Street Corp now owns 9,102,942 shares of the financial services provider's stock worth $194,985,000 after purchasing an additional 4,342,755 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Columbia Banking System in the 1st quarter worth approximately $90,775,000. Finally, Wellington Management Group LLP bought a new position in shares of Columbia Banking System in the third quarter worth approximately $80,011,000. Institutional investors hold 92.53% of the company's shares.

Colombia banking system declined by 1.5%

shares of COLB Stock Opened at $17.65 on Friday. Columbia Banking System, Inc. The 12-month low is $17.18 and the 12-month high is $28.11. The stock has a market cap of $3.69 billion, a P/E ratio of 10.70 and a beta of 0.71. The company's 50 day simple moving average is $18.59 and its two hundred day simple moving average is $21.24.

Colombia Banking System (NASDAQ:KOLB , GET FREE REPORT) last announced its earnings results on Wednesday, January 24th. The financial services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimate of $0.79 ($0.35). The business's revenue for the quarter was $519.16 million, compared to analysts' expectations of $525.94 million. Columbia Banking System had a net margin of 12.71% and a return on equity of 10.27%. The company's quarterly revenue grew 52.5% on a year-over-year basis. During the same period last year, the company reported earnings of $0.93 per share. As a group, equity analysts estimate that Columbia Banking System, Inc. It will earn $2.25 earnings per share for the current year.

columbia banking system dividend announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Friday, February 23rd were paid a $0.36 dividend. The ex-dividend date was Thursday, February 22. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.16%. Colombia Banking System's dividend payout ratio (DPR) is currently 87.27%.

Insider trading in the Colombia banking system

In other news, Insider aaron james dear Acquired 2,000 shares of Columbia Banking System stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $19.32 per share, for a total value of $38,640.00. Following the completion of the purchase, the insider now directly owns 36,850 shares of the company's stock, valued at approximately $711,942. The transaction was disclosed in a document filed with the SEC, which is available SEC website, In other news, Insider aaron james dear Acquired 2,000 shares of Columbia Banking System stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of $19.32 per share, for a total value of $38,640.00. Following the completion of the purchase, the insider now directly owns 36,850 shares of the company's stock, valued at approximately $711,942. The transaction was disclosed in a document filed with the SEC, which is available SEC website, Furthermore, the CFO Ron L. Farnsworth Acquired 2,500 shares of Columbia Banking System stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $20.71 per share, for a total value of $51,775.00. Following the completion of the purchase, the chief financial officer now owns 160,073 shares of the company's stock, valued at $3,315,111.83. Disclosure of this purchase can be found Here, Insiders bought a total of 35,133 shares of company stock worth $719,737 in the last three months. Corporate insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

COLB has been the subject of several analyst reports. Citigroup lowered their target price on shares of Columbia Banking System from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Barclays initiated coverage on shares of Columbia Banking System in a report on Friday, March 8th. They set an “Equal Weight” rating and a $20.00 price target for the company. Piper Sandler lowered their price objective on shares of Columbia Banking System from $36.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. StockNews.com Shares of Columbia Banking System were lowered from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Finally, Wedbush lowered their price objective on shares of Columbia Banking System from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating on the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $22.42.

Read our latest research report on the Colombia banking system

Columbia Banking System Company 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.