Columbia Financial, Inc. (NASDAQ:CLBK) Shares Acquired by Fmr LLC

Fmr LLC boosted its holdings in Columbia Financial, Inc. (NASDAQ:CLBK) by 214.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,747 shares of the company’s stock after purchasing an additional 4,604 shares during the quarter. Fmr LLC’s holdings in Columbia Financial were worth $115,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in shares of Columbia Financial in the 3rd quarter valued at $33,000. Quest Partners LLC grew its holdings in shares of Columbia Financial by 6,151.2% during the second quarter. Quest Partners LLC now owns 5,376 shares of the company’s stock worth $80,000 after purchasing an additional 5,290 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Columbia Financial in the 2nd quarter valued at about $126,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Columbia Financial by 20.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,699 shares of the company’s stock worth $160,000 after buying an additional 1,848 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Columbia Financial in the second quarter valued at approximately $162,000. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Financial Price Performance

CLBK stock opened at $15.93 on Monday. The business has a 50 day simple moving average of $17.57 and a 200-day simple moving average of $16.76. The company has a market capitalization of $1.67 billion, a P/E ratio of 106.21 and a beta of 0.19. Columbia Financial, Inc. has a twelve month low of $13.79 and a twelve month high of $20.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Columbia Financial had a net margin of 3.35% and a return on equity of 2.09%. The firm had revenue of $124.87 million during the quarter, compared to analysts’ expectations of $54.95 million. As a group, equities analysts anticipate that Columbia Financial, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling at Columbia Financial

In other news, Director Noel R. Holland sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total value of $170,600.00. Following the completion of the sale, the director now owns 30,501 shares in the company, valued at approximately $520,347.06. This trade represents a 24.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.38% of the stock is owned by company insiders.

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.