Shares of Columbia Banking System, Inc. (NASDAQ:COLB) have earned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $43.50.

A number of analysts have recently issued reports on COLB shares. Zacks Investment Research downgraded shares of Columbia Banking System from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Piper Jaffray Companies lowered their price objective on shares of Columbia Banking System from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Monday, April 17th. BidaskClub downgraded shares of Columbia Banking System from a “hold” rating to a “sell” rating in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $44.00 price objective on shares of Columbia Banking System in a report on Friday, June 16th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $44.00 price objective on shares of Columbia Banking System in a report on Tuesday, May 9th.

In other Columbia Banking System news, CFO Clint Stein sold 8,000 shares of Columbia Banking System stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $40.09, for a total transaction of $320,720.00. Following the completion of the transaction, the chief financial officer now directly owns 22,877 shares of the company’s stock, valued at $917,138.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.23% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Columbia Banking System by 193.2% in the first quarter. Bank of Montreal Can now owns 52,407 shares of the financial services provider’s stock worth $2,043,000 after buying an additional 34,534 shares during the period. Guggenheim Capital LLC boosted its position in Columbia Banking System by 88.1% in the fourth quarter. Guggenheim Capital LLC now owns 30,464 shares of the financial services provider’s stock worth $1,361,000 after buying an additional 14,272 shares during the period. Nationwide Fund Advisors boosted its position in Columbia Banking System by 2.9% in the first quarter. Nationwide Fund Advisors now owns 88,645 shares of the financial services provider’s stock worth $3,456,000 after buying an additional 2,534 shares during the period. Great West Life Assurance Co. Can boosted its position in Columbia Banking System by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 80,938 shares of the financial services provider’s stock worth $3,154,000 after buying an additional 4,974 shares during the period. Finally, 1st Global Advisors Inc. boosted its position in Columbia Banking System by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 6,179 shares of the financial services provider’s stock worth $241,000 after buying an additional 85 shares during the period. 94.88% of the stock is owned by hedge funds and other institutional investors.

Columbia Banking System (COLB) traded up 1.93% during mid-day trading on Tuesday, reaching $40.06. 186,317 shares of the company’s stock traded hands. The stock has a market cap of $2.34 billion, a P/E ratio of 20.65 and a beta of 1.22. The firm has a 50-day moving average price of $39.59 and a 200-day moving average price of $39.51. Columbia Banking System has a 1-year low of $28.51 and a 1-year high of $45.68.

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

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About Columbia Banking System

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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