Could Columbia Banking Systems Incorporated (NASDAQ:COLB) See a Reversal After More Sellers Came In?

December 8, 2017 - By Vivian Park

 Could Columbia Banking Systems Incorporated (NASDAQ:COLB) See a Reversal After More Sellers Came In?

Investors sentiment increased to 1.52 in Q2 2017. Its up 0.08, from 1.44 in 2017Q1. It increased, 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.
Brown Advisory stated it has 0% in Columbia Banking System, Inc. (NASDAQ:COLB). Smith Graham & Company Invest Advsrs Lp holds 1.16% or 268,301 shares in its portfolio. Leavell Inv Mngmt reported 6,500 shares. Bluecrest Cap Mgmt Ltd holds 0.11% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB) for 71,294 shares. Envestnet Asset Mgmt Incorporated has 15,902 shares for 0% of their portfolio. Barclays Public Ltd Company has invested 0% in Columbia Banking System, Inc. (NASDAQ:COLB). Eaton Vance holds 0.03% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB) for 246,260 shares. 677 were reported by Assetmark. First National Bank & Trust Of Omaha holds 0.07% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB) for 26,755 shares. Jefferies Gru Ltd Limited Liability Company invested in 11,094 shares or 0% of the stock. Goldman Sachs Gp holds 0.02% or 2.11M shares in its portfolio. Eagle Boston holds 97,417 shares or 0.42% of its portfolio. Parkside Fin Savings Bank & Tru accumulated 0.01% or 693 shares. Renaissance Tech Ltd Liability Corporation invested in 60,079 shares. State Of Tennessee Treasury Department invested 0.01% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB).

Since June 15, 2017, it had 0 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 3.67M shares in December as published by FINRA. Its up 8.76% from 3.37 million 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. Keefe Bruyette & Woods maintained it with “Hold” rating and $44.0 target in Friday, September 15 report. Keefe Bruyette & Woods maintained Columbia Banking System, Inc. (NASDAQ:COLB) rating on Monday, October 16. Keefe Bruyette & Woods has “Hold” rating and $44.0 target. As per Monday, August 14, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Neutral” rating on Friday, April 29 by Piper Jaffray. Piper Jaffray maintained the shares of COLB in report on Tuesday, September 12 with “Buy” rating. The company was upgraded on Thursday, March 16 by DA Davidson. RBC Capital Markets maintained it with “Hold” rating and $42.0 target in Thursday, September 7 report. As per Thursday, July 13, the company rating was maintained by Keefe Bruyette & Woods. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Overweight” rating given on Monday, July 31 by PiperJaffray. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Hold” rating given on Monday, July 10 by Piper Jaffray.

More notable recent Columbia Banking System, Inc. (NASDAQ:COLB) news were published by: Seekingalpha.com which released: “Columbia Banking System’s (COLB) CEO Hadley Robbins on Q3 2017 Results …” on October 27, 2017, also Prnewswire.com with their article: “Hadley S. Robbins Named CEO of Columbia Banking System” published on June 28, 2017, Prnewswire.com published: “Statement from William Weyerhaeuser, Chairman, Columbia Banking System, Inc.” on February 21, 2017. More interesting news about Columbia Banking System, Inc. (NASDAQ:COLB) were released by: Prnewswire.com and their article: “Columbia Banking System Announces Completion of Acquisition of Pacific …” published on November 01, 2017 as well as Prnewswire.com‘s news article titled: “Columbia Banking System Announces Second Quarter 2017 Earnings Release and …” with publication date: July 11, 2017.

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.