Columbia Banking System, Inc. (COLB) Stake Maintained by Cim Investment Mangement Inc.

Cim Investment Mangement Inc. held its position in Columbia Banking System, Inc. (NASDAQ:COLB) during the fourth quarter, Holdings Channel reports. The fund owned 15,656 shares of the financial services provider’s stock at the end of the fourth quarter. Cim Investment Mangement Inc.’s holdings in Columbia Banking System were worth $700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in Columbia Banking System by 1.6% in the third quarter. Capstone Asset Management Co. now owns 15,990 shares of the financial services provider’s stock valued at $523,000 after buying an additional 250 shares during the period. Eagle Boston Investment Management Inc. increased its position in Columbia Banking System by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 86,172 shares of the financial services provider’s stock valued at $2,819,000 after buying an additional 647 shares during the period. Naples Global Advisors LLC increased its position in Columbia Banking System by 22.6% in the third quarter. Naples Global Advisors LLC now owns 9,655 shares of the financial services provider’s stock valued at $316,000 after buying an additional 1,780 shares during the period. Washington Trust Bank increased its position in Columbia Banking System by 0.8% in the third quarter. Washington Trust Bank now owns 6,134 shares of the financial services provider’s stock valued at $201,000 after buying an additional 50 shares during the period. Finally, Royal Bank of Canada increased its position in Columbia Banking System by 9.8% in the second quarter. Royal Bank of Canada now owns 191,583 shares of the financial services provider’s stock valued at $5,376,000 after buying an additional 17,090 shares during the period. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Institutional Ownership by Quarter for Columbia Banking System (NASDAQ:COLB)

Columbia Banking System, Inc. (NASDAQ:COLB) traded up 1.48% during mid-day trading on Tuesday, reaching $40.45. 371,981 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $41.55 and its 200 day moving average is $36.70. The stock has a market capitalization of $2.35 billion, a PE ratio of 22.35 and a beta of 1.32. Columbia Banking System, Inc. has a 1-year low of $26.17 and a 1-year high of $45.68.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.04. The firm earned $108.07 million during the quarter, compared to the consensus estimate of $111.40 million. Columbia Banking System had a net margin of 24.61% and a return on equity of 8.44%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Analysts forecast that Columbia Banking System, Inc. will post $2.00 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 22nd. Investors of record on Wednesday, February 8th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, February 6th. This represents a $0.88 dividend on an annualized basis and a yield of 2.18%. This is an increase from Columbia Banking System’s previous quarterly dividend of $0.20. Columbia Banking System’s dividend payout ratio (DPR) is presently 48.62%.

This piece of content was originally published by sleekmoney and is the property of of sleekmoney. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be accessed at http://sleekmoney.com/columbia-banking-system-inc-colb-stake-maintained-by-cim-investment-mangement-inc/1661397.html.

Separately, Zacks Investment Research upgraded shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, October 31st.

Columbia Banking System Company Profile

Columbia Banking System, Inc is a bank holding company of Columbia State Bank (the Bank) and West Coast Trust Company, Inc The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho.

5 Day Chart for NASDAQ:COLB

Want to see what other hedge funds are holding COLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Banking System, Inc. (NASDAQ:COLB).

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/columbia-banking-system-inc-colb-stake-maintained-by-cim-investment-mangement-inc/1661397.html

Receive News & Ratings for Columbia Banking System Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Banking System Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *