Marshall Wace LLP Has $460,000 Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

Marshall Wace LLP increased its holdings in Columbia Financial, Inc. (NASDAQ:CLBK) by 99.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,095 shares of the company’s stock after buying an additional 14,514 shares during the period. Marshall Wace LLP’s holdings in Columbia Financial were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. increased its stake in Columbia Financial by 2.1% during the 4th quarter. Invesco Ltd. now owns 42,839 shares of the company’s stock worth $677,000 after acquiring an additional 892 shares during the period. SG Americas Securities LLC grew its holdings in shares of Columbia Financial by 9.7% during the 4th quarter. SG Americas Securities LLC now owns 15,106 shares of the company’s stock worth $239,000 after purchasing an additional 1,341 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Columbia Financial by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,637 shares of the company’s stock worth $3,646,000 after purchasing an additional 2,946 shares during the period. Blue Trust Inc. lifted its position in Columbia Financial by 183.7% during the fourth quarter. Blue Trust Inc. now owns 5,541 shares of the company’s stock worth $95,000 after purchasing an additional 3,588 shares during the period. Finally, Barclays PLC grew its stake in Columbia Financial by 8.4% during the fourth quarter. Barclays PLC now owns 53,605 shares of the company’s stock worth $848,000 after buying an additional 4,153 shares in the last quarter. 12.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their target price on shares of Columbia Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday.

Columbia Financial Trading Up 1.8 %

Shares of CLBK stock opened at $14.96 on Friday. Columbia Financial, Inc. has a fifty-two week low of $12.64 and a fifty-two week high of $19.28. The stock’s fifty day moving average price is $14.49 and its two-hundred day moving average price is $15.88. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $1.57 billion, a PE ratio of -124.67 and a beta of 0.18.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $58.80 million for the quarter, compared to analyst estimates of $49.95 million. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%. Equities analysts predict that Columbia Financial, Inc. will post 0.43 EPS for the current fiscal year.

Columbia Financial Profile

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.