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Columbia Banking System (NASDAQ:COLB) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a research report issued on Friday, Zacks.com reports. According to Zacks, "Columbia Banking System, Inc. is a registered bank holding company whose wholly owned subsidiary, Columbia State Bank,conducts a full-service commercial banking business.
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COLB has been the topic of several recent analyst reports. ValuEngine cut shares of Columbia Banking System from a "hold" rating to a "sell" rating in a report on Thursday, February 14th. BidaskClub cut shares of Columbia Banking System from a "hold" rating to a "sell" rating in a report on Saturday, March 9th.
Shares of Columbia Banking System Inc (NASDAQ:COLB) have earned a consensus rating of "Hold" from the eight research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company.
Weekly mortgage applications drop 3.3%, as spring housing season draws to a close – Real Estate Technique Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend.
5 analysts have issued 1-year target prices for Columbia Banking System’s shares. Their forecasts range from $38.00 to $48.00. On average, they anticipate Columbia Banking System’s share price to reach $42.60 in the next year. This suggests a possible upside of 17.7% from the stock’s current price.
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Zacks Investment Research upgraded Columbia Banking System from a sell rating to a hold rating in a research report [.] BidaskClub cut shares of Columbia Banking System (NASDAQ:COLB) from a buy rating to a hold rating in a research report report published on Friday morning, BidAskClub reports.
Columbia Banking System currently has an average rating of Hold and a consensus target price of $42.33. Get Columbia Banking System alerts: COLB stock opened at $34.41 on Tuesday.