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.
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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
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- Columbia Banking price target raised to $35 from $32 at Piper Sandler