Columbia Banking System Inc (NASDAQ:COLB) Shorted Shares Increased By 2.67%

May 17, 2018 - By Melody Miller

Columbia Banking System, Inc. (NASDAQ:COLB) Logo

Investors sentiment increased to 2.6 in Q4 2017. Its up 1.65, from 0.95 in 2017Q3. It increased, as 14 investors sold Columbia Banking System, Inc. shares while 38 reduced holdings. 44 funds opened positions while 91 raised stakes. 61.59 million shares or 13.33% more from 54.35 million shares in 2017Q3 were reported.
Washington Tru Financial Bank reported 6,084 shares. Moreover, First Bankshares Of Omaha has 0.08% invested in Columbia Banking System, Inc. (NASDAQ:COLB) for 31,500 shares. Howe And Rusling Inc holds 0% or 92 shares. Legal General Gp Public Ltd Com holds 0% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB) for 146,635 shares. Teton Advisors Inc holds 0.03% in Columbia Banking System, Inc. (NASDAQ:COLB) or 8,001 shares. Westwood Group Inc Inc invested in 0.2% or 600,121 shares. State Of Alaska Department Of Revenue reported 0.02% stake. 25,126 are owned by Teacher Retirement Sys Of Texas. Keybank Natl Association Oh owns 37,700 shares. 24,150 were reported by Teachers Retirement Systems Of The State Of Kentucky. Salzhauer Michael reported 5,603 shares. Ubs Asset Management Americas owns 348,725 shares. Susquehanna Intl Group Limited Liability Partnership holds 0% or 11,300 shares in its portfolio. Barclays Public Ltd holds 13,599 shares or 0% of its portfolio. Plante Moran Advsr Lc has 0.05% invested in Columbia Banking System, Inc. (NASDAQ:COLB) for 1,947 shares.

Since January 8, 2018, it had 4 buys, and 1 insider sale for $85,597 activity. Stein Clint sold $101,568 worth of Columbia Banking System, Inc. (NASDAQ:COLB) on Friday, March 9. BARUFFI KUMI YAMAMOTO had bought 174 shares worth $6,374. Lawson David C had bought 76 shares worth $2,784 on Monday, January 8.

The stock of Columbia Banking System Inc (NASDAQ:COLB) registered an increase of 2.67% in short interest. COLB’s total short interest was 1.81M shares in May as published by FINRA. Its up 2.67% from 1.76M shares, reported previously. With 338,500 shares average volume, it will take short sellers 5 days to cover their COLB’s short positions. The short interest to Columbia Banking System Inc’s float is 3.11%.

The stock increased 1.12% or $0.48 during the last trading session, reaching $43.38. About 69,937 shares traded. Columbia Banking System, Inc. (NASDAQ:COLB) has risen 9.90% since May 17, 2017 and is uptrending. It has underperformed by 1.65% 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 $3.18 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 22.61 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 5 analysts covering Columbia Banking System (NASDAQ:COLB), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Columbia Banking System had 7 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Hold” rating given on Friday, January 26 by Sandler O’Neill. The stock has “Buy” rating by DA Davidson on Friday, April 27. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Hold” rating given on Thursday, March 29 by Sandler O’Neill. RBC Capital Markets maintained Columbia Banking System, Inc. (NASDAQ:COLB) rating on Thursday, January 25. RBC Capital Markets has “Hold” rating and $46.0 target. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Tuesday, January 30 by Piper Jaffray. Sandler O’Neill maintained it with “Hold” rating and $47.0 target in Thursday, January 4 report.

More news for Columbia Banking System, Inc. (NASDAQ:COLB) were recently published by: Nasdaq.com, which released: “Research Report Identifies Signature Bank, Concert Pharmaceuticals, Easterly Government Properties, Hilltop …” on April 23, 2018. Streetinsider.com‘s article titled: “Columbia Banking System (COLB) Names Greg Sigrist as CFO” and published on May 03, 2018 is yet another important article.

Columbia Banking System, Inc. (NASDAQ:COLB) Institutional Positions Chart

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