Piper Sandler lowered the firm’s price target on Columbia Banking (COLB) to $33 from $35 and keeps an Overweight rating on the shares following quarterly results. The firm is also trimming its 2025 / 2026 / 2027 EPS to $2.29 / $3.00 / $3.30 from $2.54 / $3.16 / $3.36 based on results and its guide that reflects a smaller balance sheet and a lower net interest margin partly offset by better NIE and buybacks.
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