Columbia Financial, Inc. (NASDAQ:CLBK) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in Columbia Financial, Inc. (NASDAQ:CLBK) by 61.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,343 shares of the company’s stock after acquiring an additional 8,542 shares during the quarter. Wells Fargo & Company MN’s holdings in Columbia Financial were worth $353,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Columbia Financial in the fourth quarter valued at about $1,299,000. JPMorgan Chase & Co. lifted its position in shares of Columbia Financial by 192.0% during the 4th quarter. JPMorgan Chase & Co. now owns 93,330 shares of the company’s stock valued at $1,476,000 after acquiring an additional 61,369 shares during the period. Delta Financial Group Inc. acquired a new stake in shares of Columbia Financial during the 4th quarter valued at approximately $578,000. Barclays PLC boosted its stake in shares of Columbia Financial by 132.1% during the 3rd quarter. Barclays PLC now owns 49,452 shares of the company’s stock worth $844,000 after acquiring an additional 28,147 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in shares of Columbia Financial in the 4th quarter worth approximately $332,000. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price objective on Columbia Financial from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, May 1st.

Columbia Financial Price Performance

Columbia Financial stock opened at $15.29 on Tuesday. The firm has a market capitalization of $1.60 billion, a PE ratio of -127.42 and a beta of 0.18. Columbia Financial, Inc. has a 52 week low of $12.64 and a 52 week high of $19.28. The firm’s 50-day simple moving average is $14.49 and its 200 day simple moving average is $15.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32.

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

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.