Raymond James analyst David Feaster lowered the firm’s price target on Pacific Premier (PPBI) to $25 from $28 and keeps an Outperform rating on the shares. The firm sees the announced sale to Columbia Banking (COLB) as a huge win for Pacific Premier shareholders, with significant value unlocked almost immediately from the deal that could have taken years to unlock had management chosen to remain on its own, the analyst tells investors in a research note. Raymond James views the deal favorably, and believes the risk-reward continues to skew favorably for Pacific Premier shares.
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Read More on PPBI:
- Columbia Banking price target lowered to $27 from $32 at RBC Capital
- Columbia Banking price target lowered to $27 from $33 at Raymond James
- Columbia Banking price target lowered to $25 from $35 at DA Davidson
- Pacific Premier price target lowered to $14.50 from $15.50 at Keefe Bruyette
- Pacific Premier Reports Steady Q1 2025 Earnings
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