Piper Sandler (NYSE:PIPR) analyst Matthew Clark maintained a Buy rating on Columbia Banking System (NASDAQ:COLB) on Thursday, setting a price target of $34, which is approximately 42.56% above the present share price of $23.85.
Clark expects Columbia Banking System to post earnings per share (EPS) of $0.52 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Columbia Banking System, with an average price target of $33.
The analysts price targets range from a high of $34 to a low of $32.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $159.31 million and a net profit of $0. The company's market cap is $1.71 billion.
According to TipRanks.com, Piper Sandler analyst Matthew Clark is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.3% and a 42.48% success rate.
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.