Wells Fargo analyst Mike Mayo maintained a Buy rating on Columbia Banking System (COLB – Research Report) yesterday and set a price target of $28.00. The company’s shares closed yesterday at $25.98.
Mayo covers the Financial sector, focusing on stocks such as Truist Financial, JPMorgan Chase & Co., and Goldman Sachs Group. According to TipRanks, Mayo has an average return of 8.5% and a 62.96% success rate on recommended stocks.
Currently, the analyst consensus on Columbia Banking System is a Moderate Buy with an average price target of $24.11.
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COLB market cap is currently $5.42B and has a P/E ratio of 12.49.
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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.
Read More on COLB:
- Citi starts regional banks with Western Alliance, First Horizon among top picks
- Columbia Banking initiated with a Neutral at Citi
- Columbia Banking management to meet with Stephens
- Columbia Banking System Announces $0.36 Per Common Share Dividend
- Columbia Banking price target lowered to $20 from $21 at Truist
