Smith Graham Investment Advisors Lp buys $8,368,898 stake in Columbia Banking System Inc (COLB)

Columbia Banking System Inc (COLB) : Smith Graham Investment Advisors Lp scooped up 7,590 additional shares in Columbia Banking System Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 260,551 shares of Columbia Banking System Inc which is valued at $8,368,898.Columbia Banking System Inc makes up approximately 1.08% of Smith Graham Investment Advisors Lp’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in COLB in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 346 shares of Columbia Banking System Inc which is valued at $11,037.Bristlecone Advisors reduced its stake in COLB by selling 3,000 shares or 7.14% in the most recent quarter. The Hedge Fund company now holds 39,000 shares of COLB which is valued at $1,283,100. Columbia Banking System Inc makes up approx 0.47% of Bristlecone Advisors’s portfolio.Legal General Group Plc boosted its stake in COLB in the latest quarter, The investment management firm added 40,376 additional shares and now holds a total of 53,554 shares of Columbia Banking System Inc which is valued at $1,761,927.

Columbia Banking System Inc opened for trading at $32.25 and hit $33.07 on the upside on Friday, eventually ending the session at $32.12, with a gain of 0.69% or 0.22 points. The heightened volatility saw the trading volume jump to 1,21,921 shares. Company has a market cap of $1,865 M.

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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