Wunderlich Securities Maintains Columbia Banking System Rating And PT

In a report released this morning, Wunderlich Securities said that it is maintaining its Buy rating on shares of Columbia Banking System, Inc.

. The company also maintains its $21 price target. “COLB reported 3Q EPS of $0.06, which was a penny more than consensus and a penny light of our estimate,” Wunderlich Securities writes. “However, operating EPS were $0.13 after excluding one-time charges, marking the eighth straight quarter that results beat consensus. Within the numbers, COLB reported significant improvements in asset quality, net interest margin, and noninterest expense levels.” Columbia Banking System currently trades at $18.03.