RBC Capital Maintains Sector Perform Rating for Columbia Banking System: Here's What You Need To Know

RBC Capital has decided to maintain its Sector Perform rating of Columbia Banking System COLB and raise its price target from $35.00 to $36.00.

Shares of Columbia Banking System are trading down 0.1% over the last 24 hours, at $31.36 per share.

A move to $36.00 would account for a 14.8% increase from the current share price.

About 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 provides a full range of banking services to small and midsize businesses, professionals, and individuals throughout Washington, Oregon, and Idaho. The bank has historically grown through a combination of organic growth and acquisitions. The bank's strategy s to provide our customers with 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 business loans. A majority of the bank's net revenue is net interest income.

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