Columbia Banking System, Inc. (NASDAQ:COLB) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 3.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,019 shares of the financial services provider’s stock after selling 4,305 shares during the period. Hantz Financial Services Inc. owned 0.06% of Columbia Banking System worth $3,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COLB. Bank of Montreal Can increased its stake in Columbia Banking System by 114.9% during the second quarter. Bank of Montreal Can now owns 76,298 shares of the financial services provider’s stock worth $1,520,000 after acquiring an additional 40,800 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Columbia Banking System during the second quarter worth $560,000. Creative Planning raised its position in Columbia Banking System by 39.2% in the 2nd quarter. Creative Planning now owns 42,063 shares of the financial services provider’s stock valued at $837,000 after purchasing an additional 11,836 shares in the last quarter. Cetera Investment Advisers lifted its stake in Columbia Banking System by 135.8% in the second quarter. Cetera Investment Advisers now owns 111,009 shares of the financial services provider’s stock worth $2,208,000 after acquiring an additional 63,932 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Columbia Banking System by 43.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 57,421 shares of the financial services provider’s stock worth $1,499,000 after purchasing an additional 17,500 shares during the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COLB. Barclays upped their price target on Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Truist Financial lifted their target price on Columbia Banking System from $28.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Citigroup dropped their price target on shares of Columbia Banking System from $31.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday. UBS Group initiated coverage on shares of Columbia Banking System in a research report on Tuesday, December 17th. They set a “neutral” rating and a $32.00 target price on the stock. Finally, Wells Fargo & Company upgraded Columbia Banking System from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $35.00 in a report on Monday, January 6th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.38.

Columbia Banking System Trading Up 1.4 %

Columbia Banking System stock opened at $28.03 on Friday. The stock has a fifty day moving average price of $28.59 and a 200 day moving average price of $26.89. Columbia Banking System, Inc. has a 52 week low of $17.08 and a 52 week high of $32.85. The firm has a market capitalization of $5.87 billion, a P/E ratio of 12.13 and a beta of 0.67.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. As a group, equities analysts predict that Columbia Banking System, Inc. will post 2.66 EPS for the current year.

Columbia Banking System Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Friday, November 29th. Columbia Banking System’s payout ratio is currently 56.69%.

Columbia Banking System Profile

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, 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 sweep and other investment sweep solutions.