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

Hantz Financial Services Inc. decreased its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the 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.’s holdings in Columbia Banking System were worth $3,431,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP grew its stake in Columbia Banking System by 0.3% during the 3rd quarter. Allworth Financial LP now owns 175,538 shares of the financial services provider’s stock worth $4,583,000 after buying an additional 458 shares during the last quarter. Tidal Investments LLC lifted its position in Columbia Banking System by 1.1% in the third quarter. Tidal Investments LLC now owns 43,184 shares of the financial services provider’s stock worth $1,128,000 after purchasing an additional 464 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Columbia Banking System by 1.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 39,256 shares of the financial services provider’s stock valued at $1,025,000 after buying an additional 544 shares in the last quarter. Sippican Capital Advisors boosted its position in shares of Columbia Banking System by 0.5% during the 3rd quarter. Sippican Capital Advisors now owns 111,172 shares of the financial services provider’s stock valued at $2,903,000 after purchasing an additional 552 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Columbia Banking System by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 31,238 shares of the financial services provider’s stock worth $844,000 after buying an additional 612 shares during the last quarter. Institutional investors own 92.53% of the company’s stock.

Columbia Banking System Stock Performance

Shares of Columbia Banking System stock opened at $28.03 on Friday. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $32.85. The firm has a market cap of $5.87 billion, a P/E ratio of 12.13 and a beta of 0.67. The firm’s 50-day simple moving average is $28.59 and its 200-day simple moving average is $26.89.

Columbia Banking System (NASDAQ:COLB) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 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%. On average, equities analysts forecast that Columbia Banking System, Inc. will post 2.66 earnings per share for the current fiscal year.

Columbia Banking System Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on COLB. StockNews.com upgraded Columbia Banking System from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Truist Financial upped their target price on Columbia Banking System from $28.00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. UBS Group initiated coverage on shares of Columbia Banking System in a report on Tuesday, December 17th. They set a “neutral” rating and a $32.00 price target on the stock. Citigroup reduced their target price on Columbia Banking System from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday. Finally, Wells Fargo & Company upgraded shares of Columbia Banking System from an “equal weight” rating to an “overweight” rating and upped their price target for the company 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $30.38.

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.