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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on COLB:
- Columbia Banking initiated with an Equal Weight at Barclays
- Columbia Banking System Announces Investor Webcasts
- Columbia Banking System Unveils 2024 Outlook and Strategies
- Ex-Dividend Date Nearing for These 10 Stocks – Week of February 19, 2024
- Columbia Banking Announces Quarterly Cash Dividend Payout
