RBC Capital Maintains Industry Performance Rating for Columbia Banking System: Here’s What You Need to Know

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.

About analyst ratings

Analysts work in banking and financial systems and typically specialize in reporting on stocks or defined sectors. Analysts can attend company conference calls and meetings, research company financials, and communicate with insiders to issue “analyst notes” for stocks. Analysts typically rate each stock once a quarter.

Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and revenue to provide additional stock insights. Investors using analyst ratings should note that this expert advice is human-sourced and may be subject to error.

If you want to track which analysts are outperforming others, you can view updated analyst ratings as well as analyst pass scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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