{
  "id": 17305508,
  "title": "Colb director Steven Gardner sells $328,616 in stock",
  "url": "https://urgent.news/2026/10/30/colb-director-steven-gardner-sells-328-616-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T23:16:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/colb-director-steven-gardner-sells-328616-in-stock-93CH-4988900"
  },
  "original_language": "en",
  "account": "Director Steven Gardner of Columbia Banking System, Inc. divested shares of the company's common stock on October 29, 2026. Gardner sold 10,522 shares, amounting to a total value of $328,616. The transactions were executed at prices between $31.215 and $31.245 per share, slightly above the stock's current trading price of $30.70. The company's market capitalization stands at $8.57 billion, with a price-to-earnings ratio of 10.62. Post-sale, Gardner retains a beneficial ownership of 2,577 shares, while a family trust holds 559,848 shares indirectly. An erratum noted that these shares were incorrectly labeled as indirectly owned. Columbia Banking System has a history of consistent dividend payments for the past 30 years, yielding 4.77%. Investors can access further insights through the platform's ProTips. The company's third-quarter 2026 earnings report surpassed analyst estimates, with operating earnings per share at $0.82, up from the projected $0.77. Revenue for the quarter amounted to $695 million, exceeding the estimated $687.5 million. The bank's net interest margin expanded to 4.11%, with operating net income and pre-provision net revenue both on the rise year-over-year. Moreover, TD Cowen increased its price target for Columbia Banking System to $33.00 from $32.00, maintaining a Hold rating, due to the bank's improved profitability and robust financial performance.",
  "summary": null,
  "key_points": [
    "Steven Gardner sold 10,522 shares of Columbia Banking System stock on October 29, 2026.",
    "Sale amounted to $328,616, with prices between $31.215 and $31.245 per share.",
    "Gardner retains 2,577 shares, while a family trust holds 559,848 shares indirectly."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}