Columbia Banking System Gets a Hold Rating from KBW

By Ryan Adsit

KBW analyst Melissa Roberts reiterated a Hold rating on Columbia Banking System (NASDAQ: COLB) on June 13 and set a price target of $44. The company’s shares closed yesterday at $40.85.

According to TipRanks.com, Roberts is a 4-star analyst with an average return of 4.7% and a 61.6% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Columbia Banking System has an analyst consensus of Hold, with a price target consensus of $44.

Columbia Banking System’s market cap is currently $2.38B and has a P/E ratio of 21.06. The company has a book value ratio of 1.8683.

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Columbia Banking System, Inc. operates as a holding company, which provides financial services. Its activities include personal, business, and commercial banking and wealth management services. The company provides loans, checking and saving accounts, treasury management, mobile banking, and VISA credit cards. Columbia Banking System was founded in 1988 and is headquartered in Tacoma, WA.