Columbia Banking System, Inc. (NASDAQ:COLB) Shares Sold by Dakota Wealth Management

Dakota Wealth Management decreased its holdings in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,758 shares of the financial services provider’s stock after selling 640 shares during the quarter. Dakota Wealth Management’s holdings in Columbia Banking System were worth $615,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its position in Columbia Banking System by 1.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 49,684 shares of the financial services provider’s stock worth $1,342,000 after buying an additional 621 shares during the period. ZWJ Investment Counsel Inc. raised its holdings in shares of Columbia Banking System by 3.2% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 132,136 shares of the financial services provider’s stock valued at $3,569,000 after buying an additional 4,063 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Columbia Banking System during the fourth quarter worth approximately $1,784,000. Wedmont Private Capital acquired a new stake in Columbia Banking System in the 4th quarter valued at approximately $209,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Columbia Banking System by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 39,256 shares of the financial services provider’s stock valued at $1,025,000 after acquiring an additional 544 shares in the last quarter. Institutional investors own 92.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on COLB. Raymond James upped their price objective on shares of Columbia Banking System from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. UBS Group began coverage on Columbia Banking System in a research report on Tuesday, December 17th. They set a “neutral” rating and a $32.00 price target on the stock. Truist Financial raised 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. JPMorgan Chase & Co. reduced their price objective on shares of Columbia Banking System from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Wedbush increased their target price on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $29.23.

Columbia Banking System Price Performance

Shares of COLB opened at $27.96 on Friday. The company’s fifty day moving average price is $28.78 and its 200 day moving average price is $26.70. The company has a market capitalization of $5.86 billion, a PE ratio of 12.10 and a beta of 0.67. Columbia Banking System, Inc. has a one year low of $17.08 and a one year high of $32.85.

Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share 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%. Analysts anticipate that Columbia Banking System, Inc. will post 2.66 earnings per share for the current year.

Columbia Banking System Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.44 annualized dividend and a dividend yield of 5.15%. Columbia Banking System’s dividend payout ratio is currently 62.34%.

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.