Truist Financial analyst Brandon King maintains $Columbia Banking System (COLB.US)$ with a hold rating, and adjusts the target price from $28 to $30.
According to TipRanks data, the analyst has a success rate of 66.5% and a total average return of 14.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Columbia Banking System (COLB.US)$'s main analysts recently are as follows:
The bank's recent quarterly report has indicated positive developments, including early signs of growth regarding new market expansion and the impact of recent strategic hires.
Columbia Banking delivered a quarter that exceeded expectations, and their guidance was largely reaffirmed. Despite deposit growth falling short of projections, a seasonal uptick in noninterest bearing deposits coupled with robust growth in customer interest bearing deposits enabled the firm to diminish brokered deposits by a fifth and also retire some wholesale borrowings.
Following the quarterly results, there is an observation that deposit repricing is contributing to the upward trend in net interest income. However, this trend may encounter challenges when the funding beta reaches its peak, coupled with a decrease in accretion income and subdued balance sheet expansion.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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储亿银行分析师Brandon King维持$哥伦比亚银行系统 (COLB.US)$持有评级，并将目标价从28美元上调至30美元。
根据TipRanks数据显示，该分析师近一年总胜率为66.5%，总平均回报率为14.8%。
此外，综合报道，$哥伦比亚银行系统 (COLB.US)$近期主要分析师观点如下：
银行最近的季度报告显示出积极的发展，包括对新市场扩张和近期战略招聘影响的早期成长迹象。
哥伦比亚银行发布了超出预期的季度报告，并且他们的指引基本上得到了确认。尽管存款增长未达到预期，但非利息负债存款季节性增长以及客户利息负债存款强劲增长使公司能够减少五分之一的经纪存款，并清偿一些批发借款。
在季度业绩后，观察到存款再定价对净利息收入上升趋势有所贡献。然而，当资金贝塔达到顶峰时，再加上摊销收入的减少和资产负债表扩张趋缓，这一趋势可能会遇到挑战。
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