Jump Financial LLC Acquires Shares of 29,498 Columbia Banking System, Inc. (NASDAQ:COLB)

Jump Financial LLC bought a new stake in Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,498 shares of the financial services provider's stock, valued at approximately $797,000.

Several other institutional investors have also recently bought and sold shares of the business. Guggenheim Capital LLC increased its position in Columbia Banking System by 3.5% during the 4th quarter. Guggenheim Capital LLC now owns 30,223 shares of the financial services provider's stock worth $816,000 after purchasing an additional 1,029 shares in the last quarter. Mariner LLC grew its stake in shares of Columbia Banking System by 17.0% during the fourth quarter. Mariner LLC now owns 27,221 shares of the financial services provider's stock worth $735,000 after buying an additional 3,950 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Columbia Banking System by 4.0% during the fourth quarter. Sterling Capital Management LLC now owns 178,681 shares of the financial services provider's stock worth $4,826,000 after buying an additional 6,840 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Columbia Banking System by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 91,679 shares of the financial services provider's stock valued at $2,476,000 after acquiring an additional 580 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Columbia Banking System by 13.2% during the 4th quarter. LSV Asset Management now owns 733,433 shares of the financial services provider's stock valued at $19,810,000 after acquiring an additional 85,591 shares in the last quarter. Institutional investors and hedge funds own 92.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on COLB shares. Wells Fargo & Company increased their target price on Columbia Banking System from $26.00 to $29.00 and gave the company an "overweight" rating in a research report on Thursday. Raymond James set a $27.00 price objective on shares of Columbia Banking System and gave the company an "outperform" rating in a report on Thursday. Royal Bank of Canada decreased their price target on shares of Columbia Banking System from $32.00 to $27.00 and set a "sector perform" rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut their price target on shares of Columbia Banking System from $32.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Barclays boosted their price objective on shares of Columbia Banking System from $27.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.62.

Columbia Banking System Stock Down 3.0 %

NASDAQ:COLB traded down $0.69 during trading hours on Friday, reaching $22.63. The company had a trading volume of 3,185,961 shares, compared to its average volume of 1,785,045. Columbia Banking System, Inc. has a twelve month low of $18.11 and a twelve month high of $32.85. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 8.91 and a beta of 0.53. The business's 50-day simple moving average is $24.05 and its two-hundred day simple moving average is $27.02.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. The company had revenue of $481.92 million during the quarter, compared to the consensus estimate of $482.86 million. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. As a group, equities analysts predict that Columbia Banking System, Inc. will post 2.71 earnings per share for the current year.

Columbia Banking System Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date was Friday, February 28th. Columbia Banking System's dividend payout ratio is currently 61.02%.

Insider Activity at Columbia Banking System

In other Columbia Banking System news, VP Torran B. Nixon sold 4,481 shares of Columbia Banking System stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $25.99, for a total transaction of $116,461.19. Following the completion of the transaction, the vice president now owns 104,869 shares in the company, valued at approximately $2,725,545.31. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.68% of the stock is currently owned by insiders.

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.