GTS Securities LLC Acquires Shares of 11,151 Columbia Banking System, Inc. (NASDAQ:COLB)

GTS Securities LLC purchased a new stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,151 shares of the financial services provider's stock, valued at approximately $301,000.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its position in shares of Columbia Banking System by 0.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 12,625,834 shares of the financial services provider's stock valued at $341,024,000 after buying an additional 33,477 shares during the last quarter. American Century Companies Inc. lifted its position in Columbia Banking System by 0.8% in the 4th quarter. American Century Companies Inc. now owns 7,602,571 shares of the financial services provider's stock valued at $205,345,000 after acquiring an additional 61,242 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Columbia Banking System by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,315,896 shares of the financial services provider's stock valued at $197,602,000 after acquiring an additional 206,643 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Columbia Banking System by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,514,816 shares of the financial services provider's stock worth $148,956,000 after buying an additional 512,542 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Columbia Banking System by 9.3% during the 4th quarter. Invesco Ltd. now owns 2,456,964 shares of the financial services provider's stock worth $66,363,000 after purchasing an additional 209,774 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors.

Columbia Banking System Trading Down 1.8%

Columbia Banking System stock traded down $0.43 during mid-day trading on Friday, hitting $23.43. The company had a trading volume of 2,246,230 shares, compared to its average volume of 1,788,077. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 9.22 and a beta of 0.59. Columbia Banking System, Inc. has a 12-month low of $18.20 and a 12-month high of $32.85. The company's fifty day moving average is $23.28 and its 200-day moving average is $26.25.

Columbia Banking System (NASDAQ:COLB - Get Free Report) last posted its quarterly earnings data 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. Columbia Banking System had a return on equity of 11.21% and a net margin of 17.99%. The firm had revenue of $481.92 million during the quarter, compared to the consensus estimate of $482.86 million. During the same period in the prior year, the company earned $0.65 EPS. The firm's revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Columbia Banking System, Inc. will post 2.71 EPS for the current fiscal year.

Columbia Banking System Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date of this dividend is Friday, May 30th. Columbia Banking System's payout ratio is 61.02%.

Insider Activity at Columbia Banking System

In other 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 value 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. This trade represents a 4.10% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COLB. Keefe, Bruyette & Woods cut their price target on shares of Columbia Banking System from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company raised their price objective on shares of Columbia Banking System from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. DA Davidson set a $25.00 price target on shares of Columbia Banking System and gave the company a "neutral" rating in a research report on Thursday, April 24th. Barclays boosted their price objective on shares of Columbia Banking System from $27.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Finally, Piper Sandler cut their price target on shares of Columbia Banking System from $32.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $29.64.

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.