Janus Henderson Group PLC Has $3.67 Million Position in Columbia Banking System, Inc. $COLB

Janus Henderson Group PLC lessened its holdings in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 78.3% in the first quarter, HoldingsChannel.com reports. The firm owned 133,901 shares of the financial services provider’s stock after selling 483,723 shares during the period. Janus Henderson Group PLC’s holdings in Columbia Banking System were worth $3,674,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Columbia Banking System by 194.6% during the first quarter. Geneos Wealth Management Inc. now owns 1,202 shares of the financial services provider’s stock valued at $30,000 after buying an additional 794 shares during the last quarter. Cedar Mountain Advisors LLC lifted its position in Columbia Banking System by 571.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 1,115 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 949 shares in the last quarter. Horizon Investments LLC lifted its position in Columbia Banking System by 168.8% in the 4th quarter. Horizon Investments LLC now owns 1,231 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 773 shares in the last quarter. Rossby Financial LCC bought a new position in Columbia Banking System in the 4th quarter valued at about $36,000. Finally, Hilton Head Capital Partners LLC acquired a new position in Columbia Banking System during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 92.53% of the company’s stock.

Columbia Banking System Trading Up 0.7%

Shares of Columbia Banking System stock opened at $31.24 on Friday. The business’s fifty day simple moving average is $31.32 and its 200 day simple moving average is $29.87. Columbia Banking System, Inc. has a 12 month low of $23.66 and a 12 month high of $33.67. The firm has a market capitalization of $8.84 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 3.07 and a beta of 0.63.

Columbia Banking System (NASDAQ:COLB) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Columbia Banking System had a return on equity of 11.33% and a net margin of 19.96%.The firm had revenue of $677.00 million during the quarter, compared to the consensus estimate of $687.40 million. During the same quarter in the prior year, the company earned $0.76 EPS. Analysts predict that Columbia Banking System, Inc. will post 3.03 EPS for the current fiscal year.

Columbia Banking System Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, May 29th. Columbia Banking System’s dividend payout ratio (DPR) is 58.96%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Columbia Banking System from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada raised their price objective on Columbia Banking System from $34.00 to $35.00 and gave the company a “sector perform” rating in a research note on Friday, July 24th. Wall Street Zen lowered shares of Columbia Banking System from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of Columbia Banking System from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Finally, Wells Fargo & Company raised their price target on shares of Columbia Banking System from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.19.

Insider Buying and Selling

In other Columbia Banking System news, CMO Devine David Moore sold 3,872 shares of Columbia Banking System stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $29.77, for a total value of $115,269.44. Following the sale, the chief marketing officer owned 18,636 shares of the company’s stock, valued at approximately $554,793.72. The trade was a 17.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.

Columbia Banking System Profile

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.