Andy Mcdonald Sells 3,481 Shares of Columbia Banking System Inc (NASDAQ:COLB) Stock

Naples Global Advisors LLC boosted its position in shares of Columbia Banking System Inc (NASDAQ:COLB) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,822 shares of the financial services provider’s stock after buying an additional 2,300 shares during the quarter.

Today, Columbia Banking System Inc (NASDAQ:COLB) stock was downgraded by DA Davidson from Buy to Neutral. There are 3 buy ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

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Columbia Banking System (NASDAQ:COLB) has been given a $38.00 price target by Royal Bank of Canada in a report issued on Friday, TipRanks reports. The brokerage presently has a "hold" rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 1.77% from the stock’s previous close.

What’s inside? Within our up-to-date Columbia Banking System Inc (COLB) Stock Research Report you will find a host of valuable data points and information to help you understand this stock. From analyst recommendations to any dividend declarations, earnings announcements, or insider trades, you’ll be able to get the big picture for Columbia Banking System Inc (COLB).

– Columbia Banking System Inc (NASDAQ:COLB) evp andy mcdonald sold 3,481 shares of Columbia Banking System stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $35.06, for a total transaction of $122,043.86.

Stocks Cheap? Columbia Banking System, Inc. Headquartered in Tacoma, Washington, Columbia Banking System, Inc. is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank. Columbia provides commercial banking services to small and medium-sized business, professionals and other individuals with more than 140 banking.

In related news, EVP Andy Mcdonald sold 3,481 shares of Columbia Banking System stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $35.06, for a total value of $122,043.86.

Analysts expect Columbia Banking System Inc (NASDAQ:COLB) to report $147.22 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Columbia Banking System’s earnings, with the lowest sales estimate coming in at $146.05 million and the highest estimate coming in at $149.10 million.

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