Nisa Investment Advisors LLC Has $1.34 Million Stock Position in Columbia Banking System, Inc. (NASDAQ:COLB)

Nisa Investment Advisors LLC boosted its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 49,684 shares of the financial services provider’s stock after buying an additional 621 shares during the period. Nisa Investment Advisors LLC’s holdings in Columbia Banking System were worth $1,342,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Columbia Banking System in the third quarter valued at approximately $288,000. Nordea Investment Management AB raised its holdings in shares of Columbia Banking System by 82.0% in the fourth quarter. Nordea Investment Management AB now owns 391,286 shares of the financial services provider’s stock valued at $10,592,000 after purchasing an additional 176,334 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Columbia Banking System by 15.7% in the third quarter. JPMorgan Chase & Co. now owns 716,673 shares of the financial services provider’s stock valued at $18,712,000 after purchasing an additional 97,498 shares during the last quarter. Pathstone Holdings LLC raised its holdings in shares of Columbia Banking System by 45.7% in the third quarter. Pathstone Holdings LLC now owns 120,888 shares of the financial services provider’s stock valued at $3,156,000 after purchasing an additional 37,941 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Columbia Banking System by 439.5% in the third quarter. BNP Paribas Financial Markets now owns 79,877 shares of the financial services provider’s stock valued at $2,086,000 after purchasing an additional 65,072 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

Columbia Banking System Stock Up 0.6 %

COLB stock opened at $28.13 on Tuesday. The company has a market cap of $5.89 billion, a PE ratio of 12.18 and a beta of 0.67. The business has a 50-day simple moving average of $28.73 and a 200 day simple moving average of $26.83. Columbia Banking System, Inc. has a 52 week low of $17.08 and a 52 week high of $32.85.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Columbia Banking System had a return on equity of 10.13% and a net margin of 16.15%. On average, analysts anticipate that Columbia Banking System, Inc. will post 2.66 EPS for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 5.12%. The ex-dividend date was Friday, November 29th. Columbia Banking System’s payout ratio is 62.34%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wedbush raised their target price on shares of Columbia Banking System from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Raymond James raised their target price on shares of Columbia Banking System from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Columbia Banking System from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Barclays raised their target price on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised shares of Columbia Banking System from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $33.00 to $35.00 in a research note on Monday, January 6th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Columbia Banking System presently has a consensus rating of “Hold” and a consensus target price of $30.00.

About Columbia Banking System

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.