Today The Public Employees Retirement Association of Colorado Sells 1,392 Shares of Columbia Banking System, Inc. (COLB)

Today The Public Employees Retirement Association of Colorado Sells 1,392 Shares of Columbia Banking System, Inc. (COLB)

Public Employees Retirement Association of Colorado reduced its position in Columbia Banking System, Inc. (NASDAQ:COLB) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 612,630 shares of the financial services provider’s stock after selling 1,392 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Columbia Banking System were worth $20,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Trust Bank increased its position in Columbia Banking System by 0.8% in the third quarter. Washington Trust Bank now owns 6,134 shares of the financial services provider’s stock valued at $201,000 after buying an additional 50 shares during the period. Yorktown Management & Research Co Inc bought a new position in Columbia Banking System during the third quarter valued at $203,000. PineBridge Investments L.P. increased its position in Columbia Banking System by 4.3% in the second quarter. PineBridge Investments L.P. now owns 7,356 shares of the financial services provider’s stock valued at $206,000 after buying an additional 301 shares during the period. 1st Global Advisors Inc. bought a new position in Columbia Banking System during the third quarter valued at $209,000. Finally, Amalgamated Bank bought a new position in Columbia Banking System during the second quarter valued at $217,000. Institutional investors and hedge funds own 90.87% of the company’s stock.

Shares of Columbia Banking System, Inc. (NASDAQ:COLB) opened at 41.59 on Wednesday. The stock has a market cap of $2.41 billion, a PE ratio of 23.90 and a beta of 1.36. The company’s 50-day moving average is $43.38 and its 200 day moving average is $35.49. Columbia Banking System, Inc. has a 52 week low of $26.17 and a 52 week high of $45.68.

Separately, Zacks Investment Research upgraded shares of Columbia Banking System from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, October 31st.

Columbia Banking System Company Profile

Columbia Banking System, Inc is a bank holding company of Columbia State Bank (the Bank) and West Coast Trust Company, Inc The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho.

Want to see what other hedge funds are holding COLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Banking System, Inc. (NASDAQ:COLB).

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