Columbia Banking System (COLB) Gets a Hold from Wells Fargo

In a report released yesterday, Mike Mayo from Wells Fargo maintained a Hold rating on Columbia Banking System (COLB – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $20.45.

According to TipRanks, Mayo is a 5-star analyst with an average return of 13.0% and a 67.92% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase & Co., and Bank of America.

Currently, the analyst consensus on Columbia Banking System is a Hold with an average price target of $21.50.

COLB market cap is currently $4.28B and has a P/E ratio of 8.77.

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Columbia Banking System (COLB) Company Description:

Columbia Banking System, Inc. is a bank holding company, which engages in the provision of financial services. It specializes in personal, business, and wealth management. It offers checking and savings accounts; debit and credit cards; digital banking; personal loans; home loans; foreign currency; professional banking; treasury management; merchant card services; international banking; financial services; private banking; and trust and investment services. The company was founded in 1988 and is headquartered in Tacoma, WA.