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Zacks Investment Research reported on Columbia Banking System Inc (NASDAQ:COLB), raising its target price to $37.00 today

Boasting a price of $32.89, Columbia Banking System Inc (NASDAQ:COLB) traded 0.70% higher on the day. With the last stock price close up 8.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Columbia Banking System Inc has recorded a 50-day average of $32.45 and a two hundred day average of $30.24. Volume of trade was up over the average, with 237,452 shares of COLB changing hands over the typical 227,181

Columbia Banking System Inc (NASDAQ:COLB) had its target price raised to $37.00 by Zacks Investment Research in a report released 9/28/2016. The new target price indicates a possible upside of 0.12% from the company's most recent stock price close.

Performance Chart

Columbia Banking System Inc (NASDAQ:COLB)

With a total market value of $0, Columbia Banking System Inc has price-earnings ratio of 19.23 with a one year low of $26.17 and a one year high of $36.27 .

A total of 5 equity analysts have released a ratings update on COLB. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target 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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