COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2023 RESULTS

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Columbia Banking System (COLB) PT Lowered to $25 at Citi, 'this clearing event in the share price likely resets pro forma franchise profitability potential'

January 25, 2024 11:54 AM EST

Citi analyst Benjamin Gerlinger lowered the price target on Columbia Banking System (NASDAQ: COLB) to $25.00 (from $28.00) while maintaining a Neutral rating.

The analyst comments "While 4Q23 results were a bit softer than expected, shares likely saw notable pressure to the downside yesterday as... More

Columbia Banking System (COLB) tumbles 16% after EPS miss, earns several rating cuts

January 25, 2024 8:07 AM EST

Columbia Banking System (NASDAQ: COLB) reported soft results for its fourth quarter, prompting several Wall Street analysts to cut their rating on the stock.

Earnings per share of 45 cents compared to 88 cents year-over-year and an estimate of 79 cents. Revenue for the quarter reached $519.2 million, also missing the... More