Bristlecone Advisors Lowers stake in Columbia Banking System Inc (COLB)

Columbia Banking System Inc (COLB) : Bristlecone Advisors reduced its stake in Columbia Banking System Inc by 7.14% during the most recent quarter end. The investment management company now holds a total of 39,000 shares of Columbia Banking System Inc which is valued at $1,283,100 after selling 3,000 shares in Columbia Banking System Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Columbia Banking System Inc makes up approximately 0.47% of Bristlecone Advisors’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in COLB in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 15,990 shares of Columbia Banking System Inc which is valued at $526,071. Columbia Banking System Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Naples Global Advisors boosted its stake in COLB in the latest quarter, The investment management firm added 1,780 additional shares and now holds a total of 9,655 shares of Columbia Banking System Inc which is valued at $318,712. Columbia Banking System Inc makes up approx 0.13% of Naples Global Advisors’s portfolio.Cutler Group Lp reduced its stake in COLB by selling 341 shares or 61.89% in the most recent quarter. The Hedge Fund company now holds 210 shares of COLB which is valued at $6,932.Bnp Paribas Arbitrage Sa reduced its stake in COLB by selling 9,226 shares or 47.33% in the most recent quarter. The Hedge Fund company now holds 10,268 shares of COLB which is valued at $339,973.Washington Trust Bank boosted its stake in COLB in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 6,134 shares of Columbia Banking System Inc which is valued at $203,097. Columbia Banking System Inc makes up approx 0.05% of Washington Trust Bank’s portfolio.

Columbia Banking System Inc closed down -0.11 points or -0.33% at $32.9 with 2,16,146 shares getting traded on Tuesday. Post opening the session at $32.95, the shares hit an intraday low of $32.67 and an intraday high of $33.065 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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.

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