Columbia Banking System, Inc. $COLB Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. cut its holdings in Columbia Banking System, Inc. (NASDAQ:COLB) by 6.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,516,072 shares of the financial services provider’s stock after selling 187,689 shares during the period. Epoch Investment Partners Inc. owned about 1.20% of Columbia Banking System worth $58,826,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in Columbia Banking System in the second quarter valued at approximately $2,197,000. First Trust Advisors LP boosted its position in Columbia Banking System by 23.2% during the 2nd quarter. First Trust Advisors LP now owns 1,894,750 shares of the financial services provider’s stock valued at $44,299,000 after purchasing an additional 356,662 shares during the period. EverSource Wealth Advisors LLC grew its stake in Columbia Banking System by 7.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 18,325 shares of the financial services provider’s stock worth $428,000 after buying an additional 1,286 shares during the last quarter. Invesco Ltd. increased its position in Columbia Banking System by 15.4% in the second quarter. Invesco Ltd. now owns 2,975,700 shares of the financial services provider’s stock worth $69,572,000 after buying an additional 397,403 shares during the period. Finally, Systematic Financial Management LP lifted its stake in Columbia Banking System by 0.9% in the second quarter. Systematic Financial Management LP now owns 1,184,835 shares of the financial services provider’s stock valued at $27,701,000 after buying an additional 11,140 shares during the last quarter. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System Price Performance

COLB opened at $28.18 on Friday. The business has a 50 day moving average price of $26.48 and a two-hundred day moving average price of $25.34. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 12.69 and a beta of 0.62. Columbia Banking System, Inc. has a 1-year low of $19.61 and a 1-year high of $30.49.

Columbia Banking System (NASDAQ:COLB) last posted its quarterly earnings data on Monday, March 4th. The financial services provider reported $0.76 EPS for the quarter. The company had revenue of $348.47 million for the quarter. Columbia Banking System had a return on equity of 11.13% and a net margin of 15.98%. Equities analysts expect that Columbia Banking System, Inc. will post 2.71 EPS for the current fiscal year.

Columbia Banking System Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, November 28th. This is a positive change from Columbia Banking System’s previous quarterly dividend of $0.36. Columbia Banking System’s dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Columbia Banking System in a research report on Monday. Barclays dropped their price target on shares of Columbia Banking System from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 8th. Cowen started coverage on Columbia Banking System in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Zacks Research cut Columbia Banking System from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Royal Bank Of Canada boosted their price target on Columbia Banking System from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.38.

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.