Columbia Banking System (NASDAQ:COLB) “Buy” Rating Maintained Today By DA Davidson; The Target is Set to $45

Columbia Banking System, Inc. (NASDAQ:COLB) Logo

Investors sentiment increased to 1.3 in Q2 2018. Its up 0.32, from 0.98 in 2018Q1. It is positive, as 17 investors sold Columbia Banking System, Inc. shares while 52 reduced holdings. 12 funds opened positions while 78 raised stakes. 64.76 million shares or 3.21% more from 62.75 million shares in 2018Q1 were reported.

National Bank Of Mellon accumulated 1.02M shares. Stone Ridge Asset Management Ltd Company invested in 0.01% or 5,727 shares. Vanguard Gp Inc reported 0.01% stake. Westwood Gru Incorporated holds 0.24% or 696,482 shares. Sterling Capital Mngmt Llc has 50,678 shares. Eagle Boston Investment Management has 0.43% invested in Columbia Banking System, Inc. (NASDAQ:COLB) for 113,055 shares. Pub Employees Retirement Association Of Colorado invested in 0.15% or 578,030 shares. Cibc Asset Mngmt owns 5,793 shares. California State Teachers Retirement Sys owns 0.01% invested in Columbia Banking System, Inc. (NASDAQ:COLB) for 111,938 shares. Anchor Cap Advsrs Limited Liability Corporation has invested 0.06% in Columbia Banking System, Inc. (NASDAQ:COLB). 375,702 are held by Cortina Asset Mgmt Limited Liability. Susquehanna Interest Ltd Liability Partnership holds 40,938 shares. Guggenheim Capital Lc invested in 0% or 5,696 shares. Mutual Of America Capital Management Limited Liability holds 0.03% or 54,277 shares. Stifel Fincl stated it has 0.02% in Columbia Banking System, Inc. (NASDAQ:COLB).

Since July 5, 2018, it had 4 buys, and 2 selling transactions for $159,754 activity. McDonald Andy bought $10,160 worth of stock or 276 shares. 374 shares valued at $13,767 were bought by BARUFFI KUMI YAMAMOTO on Thursday, July 5. The insider Stein Clint bought 117 shares worth $4,307.

Columbia Banking System (NASDAQ:COLB) Rating Reaffirmed

Equity analysts at DA Davidson now has a $45 target on Columbia Banking System (NASDAQ:COLB). DA Davidson and their recent target gives a potential upside of 10.62 % from the company’s last stock close. The rating has been released in an analyst report on Friday morning.

The stock increased 2.68% or $1.06 during the last trading session, reaching $40.68. About 440,827 shares traded or 44.74% up from the average. Columbia Banking System, Inc. (NASDAQ:COLB) has risen 8.63% since December 1, 2017 and is uptrending. It has underperformed by 6.99% 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 $2.98 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 20.35 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.

More notable recent Columbia Banking System, Inc. (NASDAQ:COLB) news were published by: Nasdaq.com which released: “CVCY vs. COLB: Which Stock Is the Better Value Option? – Nasdaq” on November 27, 2018, also Nasdaq.com with their article: “Ex-Dividend Reminder: FirstEnergy, Employers Holdings and Columbia Banking System – Nasdaq” published on November 02, 2018, Investingnews.com published: “Twelve US Community Banks Form Fintech Alliance – Investing News Network” on November 08, 2018. More interesting news about Columbia Banking System, Inc. (NASDAQ:COLB) were released by: Seekingalpha.com and their article: “Columbia Banking System, Inc. (COLB) CEO Hadley Robbins on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on October 25, 2018 as well as Seekingalpha.com‘s news article titled: “It’s A Bank-Eat-Bank World – Seeking Alpha” with publication date: January 17, 2017.

Columbia Banking System, Inc. (NASDAQ:COLB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.