Management Meetings With Columbia Banking System

Keefe Bruyette & Woods has published a research report on Columbia Banking System, Inc. (NASDAQ: COLB) following meetings with management in New York and Boston.

In the report, KBW writes "We had the opportunity to host CEO Melanie Dressel & Chief Credit Officer Andy McDonald in New York and Boston last week. We offer our notes from the investor meetings which included discussions about potential uses of capital, credit trends, organic growth and the performance of its two FDIC deals to date. Columbia is operating in an enviable position to take market share & trigger accretive acquisitions."

KBW maintains its Outperform rating and $27 price target.

Columbia Banking System closed Friday at $19.10.