Columbia Financial (NASDAQ:CLBK – Get Rating) issued its quarterly earnings data on Wednesday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01), Fidelity Earnings reports. Columbia Financial had a net margin of 29.63% and a return on equity of 9.03%.
Shares of NASDAQ CLBK traded down $0.59 during mid-day trading on Friday, hitting $18.95. The company had a trading volume of 266,180 shares, compared to its average volume of 86,130. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 21.29 and a beta of 0.35. Columbia Financial has a 12 month low of $16.34 and a 12 month high of $22.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s 50 day simple moving average is $21.53 and its two-hundred day simple moving average is $20.64.
A number of research analysts have commented on the company. Compass Point downgraded Columbia Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $20.00 in a report on Thursday. They noted that the move was a valuation call. Zacks Investment Research raised Columbia Financial from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday.
A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of Columbia Financial by 44.0% during the 3rd quarter. Royal Bank of Canada now owns 4,884 shares of the company’s stock valued at $91,000 after purchasing an additional 1,492 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Columbia Financial by 334.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,802 shares of the company’s stock valued at $181,000 after purchasing an additional 7,547 shares during the period. Metropolitan Life Insurance Co NY increased its position in shares of Columbia Financial by 18.2% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,184 shares of the company’s stock valued at $212,000 after purchasing an additional 1,567 shares during the period. Citigroup Inc. increased its position in shares of Columbia Financial by 87.3% during the 4th quarter. Citigroup Inc. now owns 11,462 shares of the company’s stock valued at $239,000 after purchasing an additional 5,342 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Columbia Financial during the 4th quarter valued at $250,000. 15.88% of the stock is currently owned by hedge funds and other institutional investors.
Columbia Financial Company Profile (Get Rating)
Columbia Financial, Inc, a bank holding company, provides financial services to businesses and consumers in the United States. The company offers non-interest-bearing demand deposits, such as individual and commercial checking accounts; interest bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit.
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