Key Takeaways COLB stock rose 32.6% in six months, outpacing peers after strong Q3 results and a major acquisition.The Pacific Premier deal boosted NIM, with Q4 and Q1 NIM guided to stay just above 3.90%.COLB targets $127M in annual cost savings, with $48M already realized and more synergies ahead.Columbia Banking (COLB) stock has risen 32.6% in the past six months on the back of robust quarterly performance, the Pacific Premier acquisition (completed in August) and favorable changes to the operating backdr ...

Group 1 - Close Brothers Group PLC, trading as OTC:CBGPY, is a British financial services company offering lending, wealth management, and securities trading services [1] - RBC Capital adjusted its rating for Close Brothers to "Sector Perform" and lowered the price target from 525 GBp to 500 GBp due to concerns about future profitability [2][6] - The company warned that its net interest margin (NIM) is expected to fall below 7% in the coming year, down from 7.2% last year, contributing to a 5% drop in share price [2][6] Group 2 - For the year ending in July, Close Brothers reported a pre-tax loss of £122 million, compared to a £133 million profit the previous year, with adjusted operating profit from continuing operations decreasing by 14% to £144 million [3][6] - The financial results were impacted by a £165 million provision for motor finance commission claims and other charges [3] - Despite these challenges, Close Brothers achieved an annual profit of £144.3 million, exceeding market expectations due to effective cost-saving measures and selective lending strategies [4][6] Group 3 - Currently, CBGPY is priced at $13.08, reflecting a change of $0.10, or 0.77%, with a market capitalization of approximately $979.06 million [5] - The stock has seen a high of $15.03 and a low of $4.62 over the past year, but trading volume is notably low, with only 2 shares exchanged on the OTC market [5]