RBC Capital analyst Jon Arfstrom maintained a Hold rating on Columbia Banking System (NASDAQ:COLB) on Thursday, setting a price target of $32, which is approximately 22.65% above the present share price of $26.09.
Arfstrom 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 $1.87 billion.
According to TipRanks.com, RBC Capital analyst Jon Arfstrom is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.3% and a 57.69% 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.