Columbia Banking System, Inc. (NASDAQ:COLB) CFO Clint Stein sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $40.09, for a total value of $320,720.00. Following the completion of the transaction, the chief financial officer now owns 22,877 shares in the company, valued at $917,138.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Columbia Banking System, Inc. (COLB) traded down 1.62% during trading on Friday, hitting $40.19. The stock had a trading volume of 197,472 shares. The stock has a 50 day moving average of $39.08 and a 200 day moving average of $40.26. The company has a market cap of $2.34 billion, a PE ratio of 20.72 and a beta of 1.22. Columbia Banking System, Inc. has a 12 month low of $26.17 and a 12 month high of $45.68.

Columbia Banking System (NASDAQ:COLB) last posted its earnings results on Thursday, April 27th. The financial services provider reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $111.53 million for the quarter, compared to the consensus estimate of $110.72 million. Columbia Banking System had a return on equity of 8.90% and a net margin of 25.82%. During the same period in the previous year, the business earned $0.40 earnings per share. Equities analysts forecast that Columbia Banking System, Inc. will post $2.04 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Wednesday, May 10th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, May 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.15%. Columbia Banking System’s dividend payout ratio is currently 45.36%.

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A number of brokerages have weighed in on COLB. Keefe, Bruyette & Woods restated a “hold” rating and issued a $44.00 target price on shares of Columbia Banking System in a research note on Friday. Piper Jaffray Companies reduced their price objective on Columbia Banking System from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Monday, April 17th. DA Davidson upgraded Columbia Banking System from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Thursday, March 16th. Zacks Investment Research lowered Columbia Banking System from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $44.00 price objective on shares of Columbia Banking System in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.80.

Large investors have recently bought and sold shares of the company. Elkfork Partners LLC purchased a new stake in Columbia Banking System during the fourth quarter worth approximately $188,000. A.R.T. Advisors LLC purchased a new stake in Columbia Banking System during the fourth quarter worth approximately $221,000. Bienville Capital Management LLC purchased a new stake in Columbia Banking System during the fourth quarter worth approximately $232,000. Tudor Investment Corp Et Al purchased a new stake in Columbia Banking System during the fourth quarter worth approximately $244,000. Finally, AQR Capital Management LLC purchased a new stake in Columbia Banking System during the fourth quarter worth approximately $248,000. Institutional investors own 94.82% of the company’s stock.

Columbia Banking System Company Profile

Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.

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