52,296 Shares in Columbia Banking System, Inc. (NASDAQ:COLB) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Columbia Banking System, Inc. (NASDAQ:COLB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 52,296 shares of the financial services provider’s stock, valued at approximately $1,365,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in shares of Columbia Banking System in the third quarter worth $390,000. Jane Street Group LLC grew its position in Columbia Banking System by 219.3% during the third quarter. Jane Street Group LLC now owns 212,889 shares of the financial services provider’s stock worth $5,559,000 after buying an additional 146,219 shares in the last quarter. Wellington Management Group LLP increased its stake in Columbia Banking System by 31.9% in the 3rd quarter. Wellington Management Group LLP now owns 6,659,255 shares of the financial services provider’s stock worth $173,873,000 after acquiring an additional 1,611,563 shares during the last quarter. Weiss Asset Management LP bought a new position in Columbia Banking System in the 3rd quarter worth about $484,000. Finally, Systematic Financial Management LP raised its holdings in shares of Columbia Banking System by 29.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,164,810 shares of the financial services provider’s stock valued at $30,413,000 after acquiring an additional 265,681 shares in the last quarter. 92.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COLB has been the subject of a number of research reports. Barclays boosted their price target on shares of Columbia Banking System from $29.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Thursday. Royal Bank of Canada lifted their price target on Columbia Banking System from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Raymond James upped their price objective on Columbia Banking System from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price objective on 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 boosted their target price on Columbia Banking System from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.19.

Columbia Banking System Stock Performance

Shares of Columbia Banking System stock opened at $30.19 on Monday. Columbia Banking System, Inc. has a 52-week low of $17.08 and a 52-week high of $32.85. The company’s 50 day moving average price is $28.86 and its 200-day moving average price is $24.60. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 13.07 and a beta of 0.64.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. The business had revenue of $765.06 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.79 EPS. As a group, equities research analysts forecast that Columbia Banking System, Inc. will post 2.63 earnings per share for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, November 29th. This represents a $1.44 dividend on an annualized basis and a yield of 4.77%. Columbia Banking System’s dividend payout ratio is presently 62.34%.

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.