Piper Sandler Reaffirms Their Buy Rating on Columbia Banking System (COLB)

Piper Sandler analyst Matthew Clark maintained a Buy rating on Columbia Banking System (COLB – Research Report) today and set a price target of $25.00. The company’s shares closed yesterday at $19.01.

Clark covers the Financial sector, focusing on stocks such as East West Bancorp, Banc of California, and Hanmi Financial. According to TipRanks, Clark has an average return of 7.7% and a 54.77% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Columbia Banking System with a $21.40 average price target.

COLB market cap is currently $3.98B and has a P/E ratio of 10.72.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of COLB in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.