Key Points
- EVP Kumi Yamamoto Baruffi sold 937 shares on March 13 at an average price of $26.23 for $24,577.51, trimming her stake by 1.71% to 53,715 shares (valued about $1.41M); the transaction was disclosed in an SEC filing.
- Columbia declared a quarterly dividend of $0.37 (paid March 16), implying a $1.48 annualized payout and a yield of 5.6% with a payout ratio of 65.49%.
- The company beat Q4 estimates with $0.82 EPS vs. $0.72 expected and $715M revenue vs. $693.23M expected; Columbia has a $7.82B market cap, a P/E of 11.71, a one‑year range of $19.61–$32.70, and an average analyst rating of "Hold" with a $32.04 consensus target.
Columbia Banking System, Inc. (NASDAQ:COLB - Get Free Report) EVP Kumi Yamamoto Baruffi sold 937 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $26.23, for a total value of $24,577.51. Following the completion of the transaction, the executive vice president owned 53,715 shares of the company's stock, valued at $1,408,944.45. The trade was a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Columbia Banking System Stock Performance
Shares of NASDAQ COLB opened at $26.47 on Wednesday. Columbia Banking System, Inc. has a one year low of $19.61 and a one year high of $32.70. The firm has a market capitalization of $7.82 billion, a P/E ratio of 11.71 and a beta of 0.60. The company's fifty day moving average is $29.38 and its two-hundred day moving average is $27.82.
Columbia Banking System (NASDAQ:COLB - Get Free Report) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.72 by $0.10. Columbia Banking System had a net margin of 17.11% and a return on equity of 11.40%. The firm had revenue of $715.00 million during the quarter, compared to analysts' expectations of $693.23 million. During the same quarter last year, the business earned $0.71 earnings per share. On average, sell-side analysts forecast that Columbia Banking System, Inc. will post 2.71 earnings per share for the current fiscal year.
Columbia Banking System Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.48 annualized dividend and a dividend yield of 5.6%. Columbia Banking System's payout ratio is 65.49%.
Institutional Trading of Columbia Banking System
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its stake in shares of Columbia Banking System by 37.9% during the 4th quarter. Corient Private Wealth LLC now owns 47,467 shares of the financial services provider's stock worth $1,329,000 after purchasing an additional 13,053 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Columbia Banking System by 356.4% during the fourth quarter. Hsbc Holdings PLC now owns 60,918 shares of the financial services provider's stock valued at $1,707,000 after buying an additional 47,570 shares during the period. DGS Capital Management LLC acquired a new stake in Columbia Banking System during the fourth quarter worth approximately $217,000. Kera Capital Partners Inc. acquired a new position in Columbia Banking System in the 4th quarter valued at $220,000. Finally, Invesco Ltd. raised its holdings in Columbia Banking System by 8.6% in the 4th quarter. Invesco Ltd. now owns 4,170,284 shares of the financial services provider's stock valued at $116,559,000 after acquiring an additional 330,573 shares during the last quarter. Hedge funds and other institutional investors own 92.53% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Wall Street Zen raised Columbia Banking System from a "hold" rating to a "buy" rating in a research note on Saturday. DA Davidson boosted their target price on Columbia Banking System from $30.00 to $32.50 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. UBS Group reissued a "neutral" rating and issued a $33.00 target price on shares of Columbia Banking System in a report on Wednesday, February 4th. Piper Sandler lifted their price target on Columbia Banking System from $34.50 to $36.00 and gave the stock an "overweight" rating in a research note on Monday, January 26th. Finally, Weiss Ratings upgraded shares of Columbia Banking System from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Columbia Banking System has an average rating of "Hold" and a consensus price target of $32.04.
Read Our Latest Research Report on Columbia Banking System
Columbia Banking System Company Profile
(
Get Free Report)
Columbia Banking System, Inc is a bank holding company that operates through its principal subsidiary, Columbia State Bank. Headquartered in Tacoma, Washington, the company provides a full range of banking and financial services to commercial, small business and consumer customers. Its branch network is concentrated in the Pacific Northwest, with locations across Washington, Oregon and Idaho, where it aims to combine local decision-making with the resources of a larger institution.
The company's offerings include commercial real estate lending, construction and development financing, equipment and small business loans, and deposit products such as checking, savings and money market accounts.
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