Discussion stirs around Columbia Banking System Inc (NASDAQ:COLB) this week; here is what analysts are saying.

August 11, 2017 - By Migdalia James

 Discussion stirs around Columbia Banking System Inc (NASDAQ:COLB) this week; here is what analysts are saying.
Investors sentiment decreased to 1.13 in Q4 2016. Its down 0.09, from 1.22 in 2016Q3. It is negative, as 12 investors sold Columbia Banking System Inc shares while 66 reduced holdings. 33 funds opened positions while 55 raised stakes. 51.00 million shares or 0.81% less from 51.42 million shares in 2016Q3 were reported.
Franklin Resource holds 0.05% or 2.10M shares. Schwab Charles Invest Management Inc has 0.02% invested in Columbia Banking System Inc (NASDAQ:COLB) for 327,960 shares. Savings Bank Of Montreal Can invested 0% of its portfolio in Columbia Banking System Inc (NASDAQ:COLB). Pine River Cap Mngmt Ltd Partnership reported 12,000 shares. Ironwood Ltd Co accumulated 45,534 shares. Brinker Cap stated it has 8,891 shares or 0.02% of all its holdings. Moreover, Cardinal Ltd Llc Ct has 3.87% invested in Columbia Banking System Inc (NASDAQ:COLB) for 2.01M shares. Great West Life Assurance Can, Manitoba – Canada-based fund reported 75,964 shares. Thrivent For Lutherans reported 199,351 shares. Barclays Public Ltd Co stated it has 2,045 shares. Connor Clark And Lunn Mngmt Ltd has 0.01% invested in Columbia Banking System Inc (NASDAQ:COLB) for 23,800 shares. Kcg Holdg Inc invested in 20,542 shares. The Georgia-based Voya Investment Limited Liability Corporation has invested 0% in Columbia Banking System Inc (NASDAQ:COLB). 13,911 were accumulated by D E Shaw And. Sterling Ltd Liability Corp holds 34,918 shares.

Since March 10, 2017, it had 0 insider purchases, and 2 sales for $359,388 activity. On Friday, March 10 the insider Ray Barry sold $38,668. Shares for $320,720 were sold by Stein Clint.

Columbia Banking System Inc (NASDAQ:COLB) Ratings Coverage

Among 6 analysts covering Columbia Banking System Inc. (NASDAQ:COLB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Columbia Banking System Inc. had 11 analyst reports since January 29, 2016 according to SRatingsIntel. Piper Jaffray upgraded the shares of COLB in report on Monday, July 31 to “Buy” rating. The firm has “Hold” rating given on Friday, July 7 by RBC Capital Markets. The stock of Columbia Banking System Inc (NASDAQ:COLB) earned “Hold” rating by RBC Capital Markets on Thursday, July 27. Keefe Bruyette & Woods downgraded the shares of COLB in report on Friday, July 29 to “Market Perform” rating. The firm earned “Overweight” rating on Monday, July 31 by PiperJaffray. Piper Jaffray maintained it with “Hold” rating and $4300 target in Monday, July 10 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, June 13. The rating was upgraded by DA Davidson on Thursday, March 16 to “Buy”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, July 13. The stock has “Neutral” rating by Piper Jaffray on Friday, April 29. Below is a list of Columbia Banking System Inc (NASDAQ:COLB) latest ratings and price target changes.

31/07/2017 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
31/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $46.0000 Upgrade
27/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $42.0000 Maintain
13/07/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $44.0000 Maintain
10/07/2017 Broker: Piper Jaffray Rating: Hold New Target: $43.0000 Maintain
07/07/2017 Broker: RBC Capital Markets Rating: Hold New Target: $44.0000 Maintain
13/06/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $44.0000 Maintain
16/03/2017 Broker: DA Davidson Old Rating: Neutral New Rating: Buy Upgrade

The stock decreased 0.40% or $0.15 during the last trading session, reaching $37.22. About 270,464 shares traded or 15.42% up from the average. Columbia Banking System Inc (NASDAQ:COLB) has risen 31.63% since August 11, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Columbia Banking System, Inc. is a bank holding firm for Columbia State Bank (the Bank) and Columbia Trust Company (Columbia Trust). The company has market cap of $2.17 billion. The Firm provides a range of banking services to small and medium-sized businesses, professionals and individuals. It has a 18.91 P/E ratio. It offers services and products, which include Personal Banking, Business Banking and Wealth Management.

More notable recent Columbia Banking System Inc (NASDAQ:COLB) news were published by: Seekingalpha.com which released: “Columbia Banking System’s (COLB) Management on Q1 2017 Results – Earnings Call …” on April 29, 2017, also Prnewswire.com with their article: “Columbia Banking System Announces First Quarter 2017 Results and Quarterly …” published on April 27, 2017, Prnewswire.com published: “Columbia Banking System Announces First Quarter 2017 Earnings Release and …” on April 12, 2017. More interesting news about Columbia Banking System Inc (NASDAQ:COLB) were released by: Prnewswire.com and their article: “Columbia Banking System Appoints Clint Stein Executive Vice President and …” published on July 13, 2017 as well as Prnewswire.com‘s news article titled: “Statement from William Weyerhaeuser, Chairman, Columbia Banking System, Inc.” with publication date: February 21, 2017.

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