Northern Trust Corp Has $4.22 Million Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

Northern Trust Corp increased its holdings in shares of Columbia Financial, Inc. (NASDAQ:CLBK) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 266,601 shares of the company’s stock after buying an additional 11,450 shares during the quarter. Northern Trust Corp owned 0.25% of Columbia Financial worth $4,215,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. raised 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 buying an additional 892 shares during the period. SG Americas Securities LLC increased its holdings in 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 holdings in Columbia Financial by 1.3% during the 4th 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 in the last quarter. Blue Trust Inc. increased its holdings in Columbia Financial by 183.7% during the 4th quarter. Blue Trust Inc. now owns 5,541 shares of the company’s stock worth $95,000 after purchasing an additional 3,588 shares in the last quarter. Finally, Barclays PLC increased its holdings in Columbia Financial by 8.4% during the 4th quarter. Barclays PLC now owns 53,605 shares of the company’s stock worth $848,000 after purchasing an additional 4,153 shares in the last quarter. Institutional investors and hedge funds own 12.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their target price 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

CLBK stock opened at $14.35 on Friday. The stock has a 50-day moving average price of $14.39 and a two-hundred day moving average price of $15.70. The stock has a market cap of $1.51 billion, a PE ratio of -119.58 and a beta of 0.18. 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, Inc. has a 1 year low of $12.64 and a 1 year high of $19.28.

Columbia Financial (NASDAQ:CLBK) last released its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $58.80 million during the quarter, compared to analysts’ expectations 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 forecast 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.