Provident Investment Management Has Increased Its Dollar Gen New (DG) Stake; Columbia Banking System (COLB)’s Sentiment Is 2.6

May 17, 2018 - By Richard Conner

Dollar General Corporation (NYSE:DG) Logo

Provident Investment Management Inc increased Dollar Gen Corp New (DG) stake by 1.38% reported in 2017Q4 SEC filing. Provident Investment Management Inc acquired 3,693 shares as Dollar Gen Corp New (DG)’s stock declined 0.52%. The Provident Investment Management Inc holds 272,268 shares with $25.32 million value, up from 268,575 last quarter. Dollar Gen Corp New now has $25.96 billion valuation. The stock increased 0.47% or $0.45 during the last trading session, reaching $96.65. About 666,617 shares traded. Dollar General Corporation (NYSE:DG) has risen 34.01% since May 17, 2017 and is uptrending. It has outperformed by 22.46% the S&P500.

Columbia Banking System Inc (COLB) investors sentiment increased to 2.6 in 2017 Q4. It’s up 1.65, from 0.95 in 2017Q3. The ratio is more positive, as 135 investment managers increased and started new holdings, while 52 sold and reduced their equity positions in Columbia Banking System Inc. The investment managers in our database now have: 61.59 million shares, up from 54.35 million shares in 2017Q3. Also, the number of investment managers holding Columbia Banking System Inc in top ten holdings was flat from 3 to 3 for the same number . Sold All: 14 Reduced: 38 Increased: 91 New Position: 44.

Analysts await Columbia Banking System, Inc. (NASDAQ:COLB) to report earnings on July, 26. They expect $0.66 EPS, up 40.43% or $0.19 from last year’s $0.47 per share. COLB’s profit will be $48.34 million for 16.35 P/E if the $0.66 EPS becomes a reality. After $0.59 actual EPS reported by Columbia Banking System, Inc. for the previous quarter, Wall Street now forecasts 11.86% EPS growth.

Cardinal Capital Management Llc Ct holds 3.78% of its portfolio in Columbia Banking System, Inc. for 2.22 million shares. Neumeier Poma Investment Counsel Llc owns 851,710 shares or 3.7% of their US portfolio. Moreover, Copper Rock Capital Partners Llc has 2.54% invested in the company for 926,341 shares. The Pennsylvania-based Alphaone Investment Services Llc has invested 1.89% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 42,355 shares.

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 $3.16 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 22.49 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 increased 0.61% or $0.26 during the last trading session, reaching $43.16. About 22,568 shares traded. Columbia Banking System, Inc. (COLB) has risen 9.90% since May 17, 2017 and is uptrending. It has underperformed by 1.65% the S&P500.

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

Since January 1, 0001, it had 4 insider buys, and 1 insider sale for $85,597 activity.

Among 31 analysts covering Dollar General Corp. (NYSE:DG), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Dollar General Corp. had 111 analyst reports since August 13, 2015 according to SRatingsIntel. Buckingham Research downgraded the stock to “Neutral” rating in Friday, March 10 report. Stifel Nicolaus maintained it with “Buy” rating and $100 target in Monday, March 28 report. The company was maintained on Wednesday, September 13 by Citigroup. The stock of Dollar General Corporation (NYSE:DG) has “Market Perform” rating given on Friday, December 8 by Telsey Advisory Group. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, November 16. The company was maintained on Friday, May 27 by Telsey Advisory Group. As per Friday, January 13, the company rating was downgraded by Bank of America. As per Monday, July 18, the company rating was maintained by Morgan Stanley. Oppenheimer initiated it with “Buy” rating and $112.0 target in Thursday, February 1 report. Deutsche Bank maintained Dollar General Corporation (NYSE:DG) rating on Friday, April 7. Deutsche Bank has “Hold” rating and $78 target.

Since December 12, 2017, it had 0 insider purchases, and 8 sales for $4.42 million activity. Shares for $251,895 were sold by TAYLOR RHONDA on Tuesday, December 12. ELLIOTT ANITA C also sold $302,597 worth of Dollar General Corporation (NYSE:DG) shares. $764,931 worth of Dollar General Corporation (NYSE:DG) was sold by Kindy Michael J on Monday, March 26. Ravener Robert D sold $993,498 worth of Dollar General Corporation (NYSE:DG) on Tuesday, April 17.

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

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