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A report released today by Zacks Investment Research about Columbia Banking System Inc (NASDAQ:COLB) raises the target price to $45.00

In a statement issued on 03/20/2017 Zacks Investment Research upped the price target of Columbia Banking System Inc (NASDAQ:COLB) to $45.00 reporting a potential upside of 0.12%.

Previously on 3/16/2017, DA Davidson reported on Columbia Banking System Inc (NASDAQ:COLB) raised the target price from $0.00 to $45.00. At the time, this indicated a possible upside of 0.15%.

Yesterday Columbia Banking System Inc (NASDAQ:COLB) traded -2.21% lower at $40.30. COLB’s 50-day average is $39.92 and its two hundred day average is $38.01. The last stock close price is up 3.69% from the 200-day moving average, compared with the S&P 500 Index which has increased 0.04% over the date range. Trading volume was down over the average, with 385,564 shares of COLB changing hands under the typical 440,246

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Columbia Banking System Inc (NASDAQ:COLB)

Columbia Banking System Inc has PE ratio of 21.81 with a one year low of $26.17 and a one year high of $45.68 and has a total market value of $0.

A total of 5 firms have issued a report on the stock. zero brokerages rating the company a strong buy, two equity analysts rating the company a buy, four equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $31.20.

Brief Synopsis About Columbia Banking System Inc (NASDAQ:COLB)

Columbia Banking System, Inc. is a bank holding company of Columbia State Bank (the Bank) and West Coast Trust Company, Inc. The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. The Bank provides a range of financial services through approximately 150 branch locations in Washington, Oregon and Idaho. The Company's products and services include personal banking, business banking and wealth management. It offers its personal banking customers a range of account products, including noninterest and interest-bearing checking, savings, money market and certificate of deposit accounts. The Company offers its business banking customers with a range of checking, savings, interest bearing money market and certificate of deposit accounts. It provides individual and business retirement solutions, insurance solutions, wealth management and financial planning.

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