DA Davidson lowered the firm’s price target on Columbia Banking to $20 from $25 and keeps a Neutral rating on the shares. The firm’s updated EPS expectations factor in the bank’s efficiency improvement plans, as well as various net interest margin, deposit and credit trends noted from recent company presentations and talks with management. The firm is trimming its 2024 and 2025 EPS estimates to $2.30 and $2.60 from $2.35 and $2.65, respectively.
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