Granite Investment Partners Lowered By $374,262 Its Lakeland Inds (LAKE) Stake; 3 Analysts Bullish Columbia Banking System, Inc. (COLB)

February 15, 2018 - By Stephen Andrade

Among 6 analysts covering Columbia Banking System Inc. (NASDAQ:COLB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Columbia Banking System Inc. had 21 analyst reports since January 29, 2016 according to SRatingsIntel. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Buy” rating given on Thursday, March 16 by DA Davidson. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, June 13. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Friday, July 29. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, October 16. RBC Capital Markets maintained it with “Hold” rating and $4400 target in Friday, July 7 report. RBC Capital Markets maintained the shares of COLB in report on Thursday, July 27 with “Hold” rating. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Hold” rating given on Monday, August 14 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Columbia Banking System, Inc. (NASDAQ:COLB) rating on Thursday, July 13. Keefe Bruyette & Woods has “Hold” rating and $4400 target. The stock of Columbia Banking System, Inc. (NASDAQ:COLB) has “Neutral” rating given on Friday, April 29 by Piper Jaffray. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. See Columbia Banking System, Inc. (NASDAQ:COLB) latest ratings:

30/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $52.0 Maintain
26/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $48.0 Maintain
25/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $46.0 Maintain
04/01/2018 Broker: Sandler O’Neill Rating: Hold New Target: $47.0 Maintain
21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $47.0 Maintain
16/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $44.0 Maintain
15/09/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $44.0 Maintain
12/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $46.0 Maintain
07/09/2017 Broker: RBC Capital Markets Rating: Hold New Target: $42.0 Maintain

Granite Investment Partners Llc decreased Lakeland Inds Inc (LAKE) stake by 34.4% reported in 2017Q3 SEC filing. Granite Investment Partners Llc sold 26,733 shares as Lakeland Inds Inc (LAKE)’s stock rose 0.93%. The Granite Investment Partners Llc holds 50,986 shares with $719,000 value, down from 77,719 last quarter. Lakeland Inds Inc now has $105.51 million valuation. The stock decreased 0.76% or $0.1 during the last trading session, reaching $13. About 10,805 shares traded. Lakeland Industries, Inc. (NASDAQ:LAKE) has risen 32.68% since February 15, 2017 and is uptrending. It has outperformed by 15.98% the S&P500.

Since January 8, 2018, it had 4 insider buys, and 0 insider sales for $15,971 activity. Another trade for 132 shares valued at $4,835 was made by McDonald Andy on Monday, January 8. BARUFFI KUMI YAMAMOTO bought $6,374 worth of stock. 54 shares were bought by Stein Clint, worth $1,978 on Monday, January 8. On Monday, January 8 the insider Lawson David C bought $2,784.

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 $3.07 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 22.62 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.

The stock decreased 0.80% or $0.34 during the last trading session, reaching $42.07. About 127,842 shares traded. Columbia Banking System, Inc. (NASDAQ:COLB) has risen 31.63% since February 15, 2017 and is uptrending. It has outperformed by 14.93% the S&P500.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.57, from 1.52 in 2017Q2. It dived, as 15 investors sold Columbia Banking System, Inc. shares while 68 reduced holdings. 22 funds opened positions while 57 raised stakes. 54.35 million shares or 0.57% less from 54.66 million shares in 2017Q2 were reported. Fmr Limited Liability holds 1.43 million shares or 0.01% of its portfolio. Texas Permanent School Fund holds 42,621 shares or 0.02% of its portfolio. Ls Invest Advsr Ltd Liability accumulated 1,945 shares. 403,123 are held by Invesco Limited. Jpmorgan Chase has 0% invested in Columbia Banking System, Inc. (NASDAQ:COLB). Eaton Vance Mngmt stated it has 0.03% in Columbia Banking System, Inc. (NASDAQ:COLB). Granite Inv Prns Ltd holds 0.88% or 336,216 shares in its portfolio. State Street Corporation holds 2.23M shares. Metropolitan Life Ins New York holds 0.01% of its portfolio in Columbia Banking System, Inc. (NASDAQ:COLB) for 40,412 shares. Neumeier Poma Inv Counsel Limited Co reported 858,785 shares. Virginia Retirement Et Al owns 18,200 shares for 0.01% of their portfolio. Aqr Ltd Com holds 0% or 5,421 shares. Parkside Bancorp invested 0.01% in Columbia Banking System, Inc. (NASDAQ:COLB). Aristotle Boston Limited Liability reported 80,114 shares or 0.3% of all its holdings. Alliancebernstein Limited Partnership reported 89,145 shares or 0% of all its holdings.

Analysts await Lakeland Industries, Inc. (NASDAQ:LAKE) to report earnings on April, 25. They expect $0.19 earnings per share, up 46.15% or $0.06 from last year’s $0.13 per share. LAKE’s profit will be $1.54 million for 17.11 P/E if the $0.19 EPS becomes a reality. After $0.23 actual earnings per share reported by Lakeland Industries, Inc. for the previous quarter, Wall Street now forecasts -17.39% negative EPS growth.

Granite Investment Partners Llc increased First Rep Bk San Francisco C (NYSE:FRC) stake by 18,547 shares to 122,583 valued at $12.81M in 2017Q3. It also upped Apple Inc (NASDAQ:AAPL) stake by 4,314 shares and now owns 135,929 shares. Medpace Hldgs Inc was raised too.

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