UBS Asset Management Americas Inc. decreased its stake in shares of Columbia Banking System, Inc. (NASDAQ:COLB) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,816 shares of the financial services provider’s stock after selling 31,288 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.59% of Columbia Banking System worth $13,781,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in COLB. BlackRock Inc. boosted its holdings in Columbia Banking System by 49,309.5% in the first quarter. BlackRock Inc. now owns 7,207,371 shares of the financial services provider’s stock worth $281,015,000 after acquiring an additional 7,192,784 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Columbia Banking System by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,363,987 shares of the financial services provider’s stock worth $209,142,000 after acquiring an additional 257,821 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Columbia Banking System by 3.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,910,224 shares of the financial services provider’s stock worth $113,470,000 after acquiring an additional 102,386 shares during the last quarter. State Street Corp grew its stake in shares of Columbia Banking System by 74.9% in the first quarter. State Street Corp now owns 2,754,433 shares of the financial services provider’s stock worth $107,399,000 after acquiring an additional 1,179,254 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Columbia Banking System by 11.2% in the second quarter. Franklin Resources Inc. now owns 2,708,796 shares of the financial services provider’s stock worth $107,946,000 after acquiring an additional 273,200 shares during the last quarter. Institutional investors and hedge funds own 96.24% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Columbia Banking System from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and issued a $42.00 price target on shares of Columbia Banking System in a research note on Friday, September 8th. BidaskClub cut shares of Columbia Banking System from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies raised shares of Columbia Banking System from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $43.00 to $46.00 in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $44.00 price objective on shares of Columbia Banking System in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Columbia Banking System has an average rating of “Hold” and a consensus target price of $44.40.

Columbia Banking System, Inc. (COLB) opened at 42.19 on Wednesday. Columbia Banking System, Inc. has a 52-week low of $31.75 and a 52-week high of $45.68. The company has a market capitalization of $2.46 billion, a PE ratio of 21.43 and a beta of 1.26. The company has a 50-day moving average price of $38.35 and a 200 day moving average price of $38.82.

Columbia Banking System (NASDAQ:COLB) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.01). Columbia Banking System had a net margin of 25.82% and a return on equity of 8.99%. The firm had revenue of $110.30 million during the quarter, compared to analyst estimates of $112.27 million. During the same quarter last year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Columbia Banking System, Inc. will post $2.03 earnings per share for the current year.

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Columbia Banking System Company Profile

Columbia Banking System, Inc (Columbia) is a bank holding company for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals. It offers products and services, which include Personal Banking, Business Banking and Wealth Management.

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

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