NasdaqGS:COLBBanks
Columbia Banking System (COLB) Gets A Fresh Credit Backdrop As Valuation Stays In Focus
Columbia Banking System (COLB) is back in focus after KBRA assigned an A- rating with a Stable Outlook to Columbia Bank's new US$250 million subordinated notes due September 18, 2036.
Recent trading has been softer, with Columbia Banking System’s share price down 2.9% over the past 30 days and 3.0% over the last 90 days. However, the year-to-date share price return is 6.2% and the 1-year total shareholder return is 18.5%, suggesting longer term investors have seen stronger gains than short...