JPMorgan analyst Anthony Elian raised the firm’s price target on Columbia Banking (COLB) to $28 from $26 and keeps a Neutral rating on the shares as part of a Q3 earnings preview for the small- and mid-cap banks. It expects bank fundamental trends to be highlighted by solid loan and deposit growth as well as increasing net interest margins.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COLB:
- 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
- Columbia Banking price target raised to $35 from $32 at Piper Sandler