Columbia Banking System, Inc. (NASDAQ:COLB) Shares Bought by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. raised its position in Columbia Banking System, Inc. (NASDAQ:COLB) by 98.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 944,332 shares of the financial services provider’s stock after acquiring an additional 468,832 shares during the period. Columbia Banking System makes up 4.7% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 3rd largest holding. Stieven Capital Advisors L.P.’s holdings in Columbia Banking System were worth $24,657,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Columbia Banking System by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 22,327,719 shares of the financial services provider’s stock worth $432,041,000 after acquiring an additional 574,509 shares during the period. American Century Companies Inc. boosted its holdings in Columbia Banking System by 6.7% during the second quarter. American Century Companies Inc. now owns 6,191,704 shares of the financial services provider’s stock worth $123,153,000 after buying an additional 386,751 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Columbia Banking System by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 4,718,494 shares of the financial services provider’s stock worth $93,851,000 after buying an additional 23,963 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in Columbia Banking System by 21.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 4,468,643 shares of the financial services provider’s stock worth $86,468,000 after buying an additional 788,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Columbia Banking System by 812.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,182,655 shares of the financial services provider’s stock worth $63,295,000 after buying an additional 2,833,744 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System Stock Performance

Shares of COLB opened at $30.88 on Friday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 13.37 and a beta of 0.62. The company’s 50 day simple moving average is $27.11 and its 200 day simple moving average is $23.44. Columbia Banking System, Inc. has a 1 year low of $17.08 and a 1 year high of $31.86.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The business had revenue of $765.06 million for the quarter, compared to the consensus estimate of $478.80 million. Columbia Banking System had a net margin of 16.15% and a return on equity of 10.13%. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Equities analysts expect that Columbia Banking System, Inc. will post 2.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Columbia Banking System from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Stephens boosted their price objective on shares of Columbia Banking System from $22.00 to $26.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. StockNews.com raised shares of Columbia Banking System from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. JPMorgan Chase & Co. decreased their price objective on shares of Columbia Banking System from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Finally, Wedbush upped their price target on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Columbia Banking System presently has an average rating of “Hold” and an average target price of $27.12.

Columbia Banking System Company 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.