George Soros 2022 Portfolio: 5 Value Stock Picks

3. Columbia Banking System, Inc. (NASDAQ:COLB)

Soros Fund Management’s Stake Value: $7,691,000

Percentage of Soros Fund Management’s 13F Portfolio: 0.11%

Number of Hedge Fund Holders as of December 31: $28.78

PE Ratio (TTM): 10.30

Columbia Banking System, Inc. (NASDAQ:COLB) is a regional bank in the Northwest that provides banking solutions to businesses and individuals in Washington, Oregon, and Idaho.

In a note issued to investors on May 2, Matthew Clark at Piper Sandler reiterated a Neutral rating on Columbia Banking System, Inc. (NASDAQ:COLB) stock but lowered the target price on Columbia Banking Systems from $35 to $31, reflecting a potential upside of 7.7% from the last closing price. The analyst sees a “wait-and-see approach” to the merger with Umpqua Holdings Corporation (NASDAQ:UMPQ) and anticipates Columbia Banking System, Inc. (NASDAQ:COLB) stock to trade at a discount compared to its peers, making it a value stock.