Hsbc Holdings PLC purchased a new position in Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,979 shares of the company's stock, valued at approximately $474,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Delta Financial Group Inc. bought a new stake in Columbia Financial in the 4th quarter valued at about $578,000. Norges Bank bought a new stake in Columbia Financial in the 4th quarter valued at about $1,299,000. Barclays PLC raised its stake in Columbia Financial by 132.1% in the 3rd quarter. Barclays PLC now owns 49,452 shares of the company's stock valued at $844,000 after acquiring an additional 28,147 shares during the period. Roxbury Financial LLC bought a new stake in Columbia Financial in the 4th quarter valued at about $332,000. Finally, JPMorgan Chase & Co. raised its stake in Columbia Financial by 192.0% in 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. 12.72% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Piper Sandler decreased their price target on Columbia Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st.
View Our Latest Research Report on CLBK
Columbia Financial Price Performance
Shares of CLBK traded up $0.11 during midday trading on Tuesday, hitting $15.68. 25,517 shares of the company traded hands, compared to its average volume of 104,581. The stock has a 50-day moving average of $14.44 and a 200-day moving average of $15.80. Columbia Financial, Inc. has a one year low of $12.64 and a one year high of $19.28. The firm has a market cap of $1.65 billion, a P/E ratio of -130.67 and a beta of 0.18. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.99 and a quick ratio of 0.99.
Columbia Financial (NASDAQ:CLBK - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%. The firm had revenue of $58.80 million during the quarter, compared to the consensus estimate of $49.95 million. As a group, sell-side analysts predict that Columbia Financial, Inc. will post 0.43 EPS for the current fiscal year.
About Columbia Financial
(
Free Report)
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.
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