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RBC Capital Stick to Their Hold Rating for Columbia Banking System

Published 06/25/2021, 08:25 AM
Updated 06/25/2021, 08:25 AM


RBC Capital analyst Jon Arfstrom maintained a Hold rating on Columbia Banking System (NASDAQ:COLB) on Friday, setting a price target of $44, which is approximately 12.76% above the present share price of $39.02.

Arfstrom expects Columbia Banking System to post earnings per share (EPS) of $0.73 for the second quarter of 2021.

The current consensus among 3 TipRanks analysts is for a Hold rating of shares in Columbia Banking System, with an average price target of $44.5.
The analysts price targets range from a high of $45 to a low of $44.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $147.16 million and a net profit of $0. The company's market cap is $2.8 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 30.2% and a 67.34% 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.

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