RBC Capital analyst Jon Arfstrom maintains $Columbia Banking System (COLB.US)$ with a hold rating, and adjusts the target price from $29 to $31.
According to TipRanks data, the analyst has a success rate of 59.0% and a total average return of 16.4% 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 firm recognizes initial positive signs concerning the bank's recent market expansion and the addition of new team members following the Q3 report.
Columbia Banking reported a quarter that surpassed expectations, and its 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 bank to diminish its reliance on brokered deposits by 20%. Additionally, it managed to retire a segment of its wholesale borrowings.
The analyst notes that Columbia Banking's net interest income is benefiting from deposit repricing. However, the outlook may present challenges when the funding beta reaches its peak, alongside a reduction in accretion income and limited growth in the balance sheet.
Note:
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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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加皇資本市場分析師Jon Arfstrom維持$哥倫比亞銀行系統 (COLB.US)$持有評級,並將目標價從29美元上調至31美元。
根據TipRanks數據顯示,該分析師近一年總勝率為59.0%,總平均回報率為16.4%。
此外,綜合報道,$哥倫比亞銀行系統 (COLB.US)$近期主要分析師觀點如下:
公司認識到關於銀行最近市場擴張的初步積極跡象,以及Q3報告後新增團隊成員的情況。
哥倫比亞銀行報告的季度超出預期,並且其指引基本上得到了確認。儘管存款增長未達到預期,但隨着非利息人頭存款的季節性增長,以及客戶利息人頭存款的強勁增長,銀行成功減少了對經紀存款的依賴約20%。此外,它還成功償還了一部分批發借款。
分析師指出,哥倫比亞銀行的淨利息收入受益於存款再定價。然而,一旦資金Beta達到頂峯,再加上攤餘收益的減少和資產負債表增長有限,展望可能會面臨挑戰。
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