Barclays lowered the firm’s price target on Columbia Banking (COLB) to $29 from $30 and keeps an Equal Weight rating on the shares as part of a Q3 earnings preview for the mid-cap banks. Loan growth and deposit cost control should help drive earnings beats and positive guidance revisions, the analyst tells investors in a research note. Barclays believes another quarter of “clean credit” and good balance sheet trends “could pull investors off the sidelines.”
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COLB:
- Columbia Banking price target raised to $28 from $26 at JPMorgan
- Columbia Banking initiated with a Hold at TD Cowen
- Columbia Banking added to Analyst Current Favorites list at Raymond James
- Columbia Banking upgraded to Strong Buy from Outperform at Raymond James
- Columbia Banking System Completes Major Acquisition