“Columbia Banking System’s Q4 Results Prompt Analysts to Lower Forecasts”

TLDR: Columbia Banking System reported weaker-than-expected Q4 financial results, with adjusted earnings of 44 cents per share and quarterly sales of $519.16 million. Following the results, several analysts cut their price targets on the company: Piper Sandler from $36 to $29, DA Davidson from $32 to $25, RBC Capital from $28 to $25, and Wedbush from $29 to $24.