RBC Capital has decided to maintain the Columbia Banking System’s Sector Perform rating COLB and increase its price target from $35.00 to $36.00.
Shares of Columbia Banking System are trading down 0.1% in the past 24 hours, at $31.36 per share.
A move to $36.00 would represent a 14.8% increase over the current stock price.
About the Columbia Banking System
Columbia Banking System Inc is a registered bank holding company. The Company operates through its wholly owned banking subsidiary, Columbia State Bank. The company offers a full range of banking services to small and medium businesses, professionals and individuals in Washington, Oregon and Idaho. The bank has historically grown through a combination of organic growth and acquisitions. The bank’s strategy is to offer our clients the financial sophistication and product depth of a regional banking company. Its loan portfolio is diversified but primarily concentrated in commercial real estate and commercial enterprise loans. The majority of the bank’s net income is net interest income.
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