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In a recent transaction, Nixon Torran B, the Senior Executive Vice President of Columbia Banking System, Inc. (NASDAQ:COLB), sold a notable portion of company stock. The transaction, which took place on March 4, 2025, involved the sale of 4,481 shares at a price of $25.99 each, totaling approximately $116,461. The sale comes as the $5.27 billion bank trades at an attractive P/E ratio of 9.9x, with InvestingPro analysis indicating the stock is currently undervalued.
Following the sale, Torran holds 104,869 shares directly. Additionally, there are indirect holdings of 3,650 shares through the Nixon Family Trust and 1,586 shares via a 401(k) plan. The sale was executed as part of a pre-established 10B5-1 trading plan, which was set up on December 3, 2024, under the guidelines of the Securities Exchange Act of 1934. Columbia Banking System has maintained dividend payments for 29 consecutive years, demonstrating strong financial stability. For deeper insights into insider trading patterns and comprehensive analysis, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Columbia Banking System Inc. reported strong fourth-quarter 2024 earnings, with an operating earnings per share (EPS) of $0.71, surpassing the forecasted $0.65. However, the company’s revenue slightly missed expectations, coming in at $487.12 million against an anticipated $489.01 million. Stephens analyst Andrew Terrell responded to these results by lowering Columbia Banking’s price target to $31.00 from $33.00, while maintaining an Equal Weight rating. Keefe, Bruyette & Woods also adjusted their price target from $34.00 to $33.00, keeping a Market Perform rating. Columbia Banking announced a quarterly cash dividend of $0.36 per common share, payable in March 2025. Despite the revenue shortfall, the bank reported a 29% year-over-year increase in net income, driven by a rise in total loans, particularly in the commercial sector. The company plans to make significant investments in digital solutions for 2025, aiming to enhance customer experience and operational efficiency.
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