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Columbia Banking Systems Incorporated (NASDAQ:COLB)’s Stock Is Sell After More Market Selling

December 8, 2017 - By Marguerite Chambers

 Columbia Banking Systems Incorporated (NASDAQ:COLB)'s Stock Is Sell After More Market Selling

Investors sentiment increased to 1.52 in Q2 2017. Its up 0.08, from 1.44 in 2017Q1. It improved, as 13 investors sold Columbia Banking System, Inc. shares while 53 reduced holdings. 30 funds opened positions while 70 raised stakes. 54.66 million shares or 1.22% more from 54.00 million shares in 2017Q1 were reported.
Goldman Sachs Gp owns 2.11M shares. Loomis Sayles And Communication L P reported 0.02% in Columbia Banking System, Inc. (NASDAQ:COLB). Cim Invest Mangement Inc holds 0.21% or 15,176 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys stated it has 53,132 shares. Amalgamated Retail Bank stated it has 0.01% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB). 5,262 are owned by Riverhead Cap. Ims Capital reported 22,058 shares. Leavell Invest Mgmt, a Alabama-based fund reported 6,500 shares. California Public Employees Retirement Sys holds 112,900 shares or 0.01% of its portfolio. State Of Alaska Department Of Revenue invested in 11,517 shares. Neumeier Poma Counsel Ltd Limited Liability Company has invested 3.69% in Columbia Banking System, Inc. (NASDAQ:COLB). Washington Trust Savings Bank has 6,084 shares. 7,134 were reported by Suntrust Banks Inc. Boston Partners stated it has 0.03% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB). Tiaa Cref Mngmt Ltd Liability Corporation holds 0.01% or 204,643 shares in its portfolio.

Since June 15, 2017, it had 0 insider buys, and 1 sale for $320,720 activity.

The stock of Columbia Banking Systems Incorporated (NASDAQ:COLB) registered an increase of 8.76% in short interest. COLB’s total short interest was 3.67 million shares in December as published by FINRA. Its up 8.76% from 3.37M shares, reported previously. With 341,900 shares average volume, it will take short sellers 11 days to cover their COLB’s short positions. The short interest to Columbia Banking Systems Incorporated’s float is 6.38%.

The stock increased 0.37% or $0.17 during the last trading session, reaching $45.73. About 247,682 shares traded. Columbia Banking System, Inc. (NASDAQ:COLB) has risen 31.63% since December 8, 2016 and is uptrending. It has outperformed by 14.93% the S&P500.

Columbia Banking System, Inc. operates as the bank holding firm for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. The company has market cap of $3.34 billion. It offers personal banking services and products, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home equity loans and lines of credit, home mortgages for purchases and refinances, personal loans, and other consumer loans; debit and credit cards; and online and mobile banking services. It has a 20.83 P/E ratio. The firm also provides business banking services and products, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; accounts receivable and inventory financing, small business administration financing, commercial real estate loan products for construction and development or permanent financing; and agricultural lending, municipal lending, merchant card, remote deposit capture, small business, and treasury management services.

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. has $4600 highest and $2 lowest target. $33.50’s average target is -26.74% below currents $45.73 stock price. Columbia Banking System Inc. had 16 analyst reports since January 29, 2016 according to SRatingsIntel. As per Thursday, March 16, the company rating was upgraded by DA Davidson. The firm has “Hold” rating by RBC Capital Markets given on Thursday, September 7. Piper Jaffray maintained the shares of COLB in report on Monday, July 10 with “Hold” rating. The firm has “Hold” rating given on Thursday, July 13 by Keefe Bruyette & Woods. As per Tuesday, June 13, the company rating was maintained by Keefe Bruyette & Woods. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, July 27 report. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Buy” rating given on Tuesday, September 12 by Piper Jaffray. The rating was upgraded by PiperJaffray on Monday, July 31 to “Overweight”. The rating was maintained by Keefe Bruyette & Woods on Monday, August 14 with “Hold”. The firm has “Hold” rating given on Monday, October 16 by Keefe Bruyette & Woods.

More notable recent Columbia Banking System, Inc. (NASDAQ:COLB) news were published by: Prnewswire.com which released: “Columbia Banking System Announces Completion of Acquisition of Pacific …” on November 01, 2017, also Seekingalpha.com with their article: “Columbia Banking System’s (COLB) CEO Hadley Robbins on Q3 2017 Results …” published on October 27, 2017, Prnewswire.com published: “Hadley S. Robbins Named CEO of Columbia Banking System” on June 28, 2017. More interesting news about Columbia Banking System, Inc. (NASDAQ:COLB) were released by: Prnewswire.com and their article: “Columbia Banking System Announces Second Quarter 2017 Earnings Release and …” published on July 11, 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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