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