Barrow Hanley Mewhinney & Strauss LLC Sells 93,798 Shares of Columbia Banking System, Inc. (NASDAQ:COLB)

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Columbia Banking System, Inc. (NASDAQ:COLB) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,223,884 shares of the financial services provider’s stock after selling 93,798 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.06% of Columbia Banking System worth $60,067,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Columbia Banking System in the 4th quarter valued at $32,000. Smartleaf Asset Management LLC raised its position in Columbia Banking System by 62.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,038 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 780 shares in the last quarter. Principal Securities Inc. lifted its stake in Columbia Banking System by 171.3% during the fourth quarter. Principal Securities Inc. now owns 2,127 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 1,343 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Columbia Banking System by 36.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,977 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 801 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Columbia Banking System by 22,244.4% in the 4th quarter. Larson Financial Group LLC now owns 6,033 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 6,006 shares during the period. Institutional investors and hedge funds own 92.53% of the company’s stock.

Insiders Place Their Bets

In other news, VP Torran B. Nixon sold 4,481 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $25.99, for a total value of $116,461.19. Following the transaction, the vice president now owns 104,869 shares of the company’s stock, valued at $2,725,545.31. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.62% of the company’s stock.

Columbia Banking System Stock Down 2.3 %

COLB stock opened at $24.73 on Friday. The business has a fifty day moving average of $26.55 and a 200-day moving average of $27.50. The company has a market cap of $5.18 billion, a P/E ratio of 9.74 and a beta of 0.62. Columbia Banking System, Inc. has a twelve month low of $17.08 and a twelve month high of $32.85.

Columbia Banking System (NASDAQ:COLB) last released its earnings results on Thursday, January 23rd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Columbia Banking System had a net margin of 17.99% and a return on equity of 11.21%. As a group, equities research analysts anticipate that Columbia Banking System, Inc. will post 2.71 earnings per share for the current fiscal year.

Columbia Banking System Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 5.82%. Columbia Banking System’s payout ratio is presently 56.69%.

Analysts Set New Price Targets

COLB has been the topic of several recent analyst reports. Stephens decreased their price target on Columbia Banking System from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company upgraded shares of Columbia Banking System from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $33.00 to $35.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on shares of Columbia Banking System from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Barclays boosted their price target on shares of Columbia Banking System from $29.00 to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Finally, Citigroup dropped their price objective on shares of Columbia Banking System from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Columbia Banking System presently has a consensus rating of “Hold” and a consensus target price of $31.25.

Columbia Banking System Profile

Columbia Banking System, Inc operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions.