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Vanguard Group Inc. Has $768.38 Million Stock Position in Columbia Banking System, Inc. $COLB
Vanguard Group Inc. significantly increased its stake in Columbia Banking System, Inc. (NASDAQ:COLB) by 41.3% during the third quarter, now owning 14.19% of the company’s shares valued at approximately $768.38 million. This comes as Columbia Banking System reported strong Q4 earnings, surpassing analyst estimates, and announced a quarterly dividend. Institutional interest in COLB is high, with significant ownership and several major firms adding to their positions, despite analysts holding a consensus “Hold” rating with a target price of $31.88.