Copper Rock Capital Partners Lowers stake in Columbia Banking System Inc (COLB)

Columbia Banking System Inc (COLB) : Copper Rock Capital Partners reduced its stake in Columbia Banking System Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 963,317 shares of Columbia Banking System Inc which is valued at $28 Million after selling 4,640 shares in Columbia Banking System Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Columbia Banking System Inc makes up approximately 2.46% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Columbia Banking System Inc reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.48.Analysts expectations of $ 107.48.

Many Wall Street Analysts have commented on Columbia Banking System Inc. Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Sector Perform” and Lowered the Price Target to $ 31 from a previous price target of $35 .

Columbia Banking System Inc opened for trading at $28.94 and hit $29.44 on the upside on Monday, eventually ending the session at $29.04, with a gain of 0.69% or 0.2 points. The heightened volatility saw the trading volume jump to 1,25,085 shares. Company has a market cap of $1,677 M.

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.

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