Piper Sandler Cuts Columbia Financial (NASDAQ:CLBK) Price Target to $17.00

Columbia Financial (NASDAQ:CLBK) had its price target lowered by Piper Sandler from $19.00 to $17.00 in a report published on Wednesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Columbia Financial Price Performance

NASDAQ CLBK opened at $15.73 on Wednesday. Columbia Financial has a 1 year low of $14.20 and a 1 year high of $20.46. The company has a fifty day simple moving average of $16.45 and a 200 day simple moving average of $17.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.47. The company has a market cap of $1.65 billion, a P/E ratio of 98.32 and a beta of 0.21.

Institutional Investors Weigh In On Columbia Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of Columbia Financial by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 143,786 shares of the company’s stock worth $2,259,000 after purchasing an additional 958 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Columbia Financial by 101.0% in the 1st quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock valued at $281,000 after buying an additional 8,216 shares during the last quarter. Quest Partners LLC bought a new position in Columbia Financial in the 4th quarter worth approximately $234,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Columbia Financial by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after buying an additional 56,155 shares during the last quarter. 12.72% of the stock is owned by institutional investors and hedge funds.

About Columbia Financial

Columbia Financial, Inc, a bank holding company, provides various financial services to businesses and consumers in the United States. Its deposit products include checking, interest-earning checking products and municipal, savings and club deposits, and money market accounts, as well as certificates of deposit.