Channing Capital Management buys $43,554,621 stake in Columbia Banking System Inc (COLB)

Columbia Banking System Inc (COLB) : Channing Capital Management scooped up 2,362 additional shares in Columbia Banking System Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,426,150 shares of Columbia Banking System Inc which is valued at $43,554,621.Columbia Banking System Inc makes up approximately 1.75% of Channing Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in COLB by selling 557 shares or 0.45% in the most recent quarter. The Hedge Fund company now holds 121,988 shares of COLB which is valued at $3,725,514. Columbia Banking System Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Alps Advisors Inc reduced its stake in COLB by selling 976 shares or 6.83% in the most recent quarter. The Hedge Fund company now holds 13,316 shares of COLB which is valued at $396,417.Rice Hall James Associates reduced its stake in COLB by selling 6,568 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 504,908 shares of COLB which is valued at $15,031,111. Columbia Banking System Inc makes up approx 0.82% of Rice Hall James Associates’s portfolio.Strs Ohio reduced its stake in COLB by selling 1,800 shares or 90.0% in the most recent quarter. The Hedge Fund company now holds 200 shares of COLB which is valued at $5,954.

Columbia Banking System Inc opened for trading at $30.47 and hit $30.71 on the upside on Thursday, eventually ending the session at $30.59, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 1,61,155 shares. Company has a market cap of $1,774 M.

On the company’s financial health, Columbia Banking System Inc reported $0.44 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.44.Analysts expectations of $ 105.10.During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Jul 28, 2016, Columbia Banking System Inc announced a cash dividend of $0.2000. The company’s management has announced Aug 8, 2016 as the ex-dividend date and fixed the record date on Aug 10, 2016. The payable date has been fixed on Aug 24, 2016.

Many Wall Street Analysts have commented on Columbia Banking System Inc. Columbia Banking System Inc was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 29, 2016.

Columbia Banking System Inc. is a bank holding company of Columbia State Bank (the Bank). The Company provides a range of banking services to small and medium-sized businesses professionals and individuals throughout Washington Oregon and Idaho. As of December 31 2014 Columbia Bank had 154 branch locations in Washington Oregon and Idaho. Columbia Bank is a Washington state-chartered commercial bank the deposits of which are insured in whole or in part by the Federal Deposit Insurance Corporation (FDIC). As of December 31 2014 the Company operates 78 branches in 21 counties in the state of Washington 60 branches in 16 counties in Oregon and 16 branches in 10 counties in Idaho. The Company’s products and services include personal banking business banking and wealth management.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *