Piper Sandler lowered the firm’s price target on Columbia Banking to $29 from $32 and keeps an Overweight rating on the shares. The analyst reduced earnings estimates to reflect the Q1 results but says the bank’s integration risk is balanced by its "unique balance sheet flexibility and more granular deposit base."
Published first on TheFly
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Read More on COLB:
- Columbia Banking price target lowered to $23 from $24 at Truist
- Columbia Banking price target lowered to $30 from $34 at Stephens
- Columbia Banking price target raised to $24 from $23 at Wedbush
- Columbia Banking reports Q1 operating EPS 46c, consensus 60c
- COLUMBIA BANKING SYSTEM, INC. REPORTS FIRST QUARTER 2023 RESULTS