7 Analysts Have This To Say About Columbia Banking System
Portfolio Pulse from Benzinga Insights
Seven analysts have recently provided their opinions on Columbia Banking System (NASDAQ:COLB), with sentiments ranging from bullish to bearish. Over the past three months, there have been 2 somewhat bullish and 5 indifferent ratings, with no bullish or bearish ratings. The 12-month price targets show an average of $25.14, down from the previous $31.50. Analysts from firms like RBC Capital, DA Davidson, and others have adjusted their ratings and price targets, generally lowering them. Columbia Banking System is a bank holding company with a subsidiary, Columbia State Bank, offering a range of banking services. The company has shown a revenue growth of 65.54% as of September 30, 2023, a net margin of 25.88%, an ROE of 2.87%, and an ROA of 0.26%, but has a high debt-to-equity ratio of 0.98.
January 25, 2024 | 6:01 pm
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Analysts have lowered their price targets for Columbia Banking System, with a new average of $25.14, indicating a potential downside from previous targets. The company has strong revenue growth and profitability metrics but carries a high debt-to-equity ratio.
The lowering of price targets by multiple analysts suggests a bearish sentiment in the short term, which could lead to a decrease in stock price. The high debt-to-equity ratio may also contribute to investor caution, despite the company's strong revenue growth and profitability.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100