Panorama Capital Administration L.L.C. lowered its place in Columbia Banking System, Inc. (NASDAQ:COLB – Get Score) by 23.3% within the third quarter, in keeping with the corporate in its most up-to-date Type 13F submitting with the Securities and Trade Fee. The fund owned 22,823 shares of the monetary providers supplier’s inventory after promoting 6,941 shares through the quarter. Panorama Capital Administration L.L.C.’s holdings in Columbia Banking System had been value $659,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A number of different giant traders have additionally modified their holdings of COLB. Everence Capital Administration Inc. boosted its stake in shares of Columbia Banking System by 34.0% through the second quarter. Everence Capital Administration Inc. now owns 14,740 shares of the monetary providers supplier’s inventory valued at $422,000 after buying an extra 3,740 shares over the last quarter. TD Asset Administration Inc. acquired a brand new place in shares of Columbia Banking System within the 2nd quarter value roughly $1,061,000. Louisiana State Workers Retirement System acquired a brand new place in shares of Columbia Banking System within the third quarter value roughly $1,086,000. Maryland State Retirement & Pension System boosted its place in Columbia Banking System by 1.9% through the third quarter. Maryland State Retirement & Pension System now owns 32,133 shares of the monetary providers supplier’s inventory valued at $928,000 after buying an extra 586 shares through the interval. Lastly, Optiver Holding B.V. purchased a brand new stake in Columbia Banking System through the 2nd quarter valued at $347,000.
Table of Contents
Columbia Banking System Inventory Efficiency
Shares of Columbia Banking System inventory opened at $27.60 on Friday. The corporate has a market capitalization of $2.17 billion, a PE ratio of 9.62 and a beta of 0.70. Columbia Banking System, Inc. has a 12 month low of $26.97 and a 12 month excessive of $37.59. The corporate has a present ratio of 0.66, a fast ratio of 0.66 and a debt-to-equity ratio of 0.01. The inventory’s fifty day easy transferring common is $31.13 and its 200 day easy transferring common is $30.77.
Columbia Banking System (NASDAQ:COLB – Get Score) final introduced its quarterly earnings knowledge on Thursday, October twentieth. The monetary providers supplier reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.06. Columbia Banking System had a return on fairness of 10.51% and a web margin of 31.38%. The corporate had income of $189.12 million through the quarter, in comparison with analysts’ expectations of $179.55 million. On common, analysis analysts predict that Columbia Banking System, Inc. will publish 3.36 EPS for the present 12 months.
Wall Road Analyst Weigh In
Various brokerages have not too long ago weighed in on COLB. StockNews.com assumed protection on Columbia Banking System in a report on Wednesday, October twelfth. They set a “maintain” ranking on the inventory. Royal Financial institution of Canada boosted their value goal on Columbia Banking System from $34.00 to $35.00 and gave the inventory a “sector carry out” ranking in a analysis report on Friday, October twenty first.
Columbia Banking System Profile
Columbia Banking System, Inc operates because the financial institution holding firm for Columbia State Financial institution that gives a variety of banking providers to small and medium-sized companies, professionals, and people in america. It provides private banking services, together with noninterest and interest-bearing checking, financial savings, cash market, and certificates of deposit accounts; dwelling mortgages for purchases and refinances, dwelling fairness loans and contours of credit score, and different private loans; debit and bank cards; and digital banking providers.
Additional Studying
Need to see what different hedge funds are holding COLB? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Columbia Banking System, Inc. (NASDAQ:COLB – Get Score).
This on the spot information alert was generated by narrative science expertise and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
Earlier than you take into account Columbia Banking System, you may need to hear this.
MarketBeat retains observe of Wall Road’s top-rated and finest performing analysis analysts and the shares they suggest to their shoppers each day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Columbia Banking System wasn’t on the record.
Whereas Columbia Banking System at the moment has a “Maintain” ranking amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
20 Shares to Promote Now
MarketBeat has simply launched its record of 20 shares that Wall Road analysts hate. These firms could seem to have good fundamentals, however high analysts scent one thing significantly rotten. Are any of those firms lurking round your portfolio? Discover out by coming into your e-mail deal with under.
