Columbia Banking price target raised to $32 from $30 at RBC Capital
RBC Capital raised the firm’s price target on Columbia Banking (COLB) to 30 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. Comparisons were impacted by the Pacific Premier acquisition close on August 31st, though core trends were solid with the continued favorable mix shift in assets, margin strength, and tight expense control, the analyst tells investors in a research note. The management is signaling a slightly smaller balance sheet to start the year and a lower marg ...