American International Group Inc. reduced its holdings in shares of Columbia Financial, Inc. (NASDAQ:CLBK – Free Report) by 11.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,297 shares of the company’s stock after selling 1,910 shares during the quarter. American International Group Inc.’s holdings in Columbia Financial were worth $247,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of CLBK. Advisor Group Holdings Inc. lifted its holdings in Columbia Financial by 30.2% during the first quarter. Advisor Group Holdings Inc. now owns 4,093 shares of the company’s stock worth $88,000 after acquiring an additional 950 shares during the period. Bank of New York Mellon Corp lifted its holdings in Columbia Financial by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 185,891 shares of the company’s stock worth $3,999,000 after acquiring an additional 5,177 shares during the period. MetLife Investment Management LLC lifted its holdings in Columbia Financial by 55.2% during the first quarter. MetLife Investment Management LLC now owns 21,506 shares of the company’s stock worth $463,000 after acquiring an additional 7,646 shares during the period. Westwood Holdings Group Inc. bought a new stake in Columbia Financial during the first quarter worth $224,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Columbia Financial by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 856,035 shares of the company’s stock worth $18,414,000 after acquiring an additional 23,908 shares during the period. 13.06% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CLBK has been the subject of a number of recent research reports. Janney Montgomery Scott initiated coverage on Columbia Financial in a research report on Wednesday, October 11th. They issued a “buy” rating and a $18.00 target price for the company. Piper Sandler decreased their target price on Columbia Financial from $18.00 to $17.50 and set a “neutral” rating for the company in a research report on Thursday, October 26th.
Columbia Financial Stock Performance
NASDAQ:CLBK opened at $17.64 on Tuesday. The company has a market capitalization of $1.86 billion, a P/E ratio of 35.28 and a beta of 0.19. Columbia Financial, Inc. has a 1 year low of $14.11 and a 1 year high of $22.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day simple moving average of $16.18 and a two-hundred day simple moving average of $16.92.
Columbia Financial (NASDAQ:CLBK – Get Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $57.12 million during the quarter, compared to analysts’ expectations of $51.90 million. Columbia Financial had a return on equity of 6.10% and a net margin of 12.88%. On average, analysts expect that Columbia Financial, Inc. will post 0.45 earnings per share for the current year.
Columbia Financial Company Profile
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, interest bearing demand accounts, savings and club accounts, money market accounts, and certificates of deposit. It also provides loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, construction loans, home equity loans and advances, and other consumer loans that include automobiles and personal loans, as well as unsecured and overdraft lines of credit.
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