In a report released yesterday, Christopher Mcgratty from KBW maintained a Hold rating on Columbia Banking System (COLB – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $25.59.
According to TipRanks, Mcgratty is a 5-star analyst with an average return of 11.0% and a 64.52% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Webster Financial, Comerica, and Pacwest Bancorp.
The word on The Street in general, suggests a Hold analyst consensus rating for Columbia Banking System with a $27.00 average price target, a 5.51% upside from current levels. In a report released on January 10, RBC Capital also maintained a Hold rating on the stock with a $28.00 price target.
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The company has a one-year high of $31.55 and a one-year low of $16.65. Currently, Columbia Banking System has an average volume of 1.51M.
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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.
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