DA Davidson analyst Jeff Rulis lowered the firm’s price target on Columbia Banking (COLB) to $25 from $35 and keeps a Neutral rating on the shares after its Q1 results. The firm is adjusting its model to reflect the Pacific Premier Bancorp (PPBI) merger, as well as accounting for the compression in peer trading multiples, the analyst tells investors in a research note.
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Read More on COLB:
- Columbia Banking price target lowered to $30 from $33 at Keefe Bruyette
- Columbia Banking System Announces Merger with Pacific Premier
- Columbia Banking System Reports Q1 2025 Results
- Columbia Banking to acquire Pacific Premier in all-stock transaction
- Columbia Banking reports Q1 operating EPS 67c, consensus 64c