Columbia Banking System (COLB) Cut to Hold at BidaskClub

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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.

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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.