Columbia Financial (NASDAQ:CLBK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Columbia Financial from “sell” to “hold,” while other analysts have issued more positive ratings; the stock has a consensus “Buy” rating and an average price target of $15.10.
• CLBK opened at $10.85, down 0.1%, with a market capitalization of approximately $2.92 billion. Its shares have traded between $6.56 and $12.00 over the past year.
• Columbia Financial reported quarterly EPS of $0.15 on $73.75 million in revenue, while institutional investors own 12.72% of the company’s stock.

Columbia Financial (NASDAQ:CLBK - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Weiss Ratings raised shares of Columbia Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Brean Capital raised Columbia Financial from a "neutral" rating to a "buy" rating in a research report on Monday, August 17th. New Street Research set a $14.00 price target on Columbia Financial in a report on Monday, August 17th. Capital One Financial set a $14.00 target price on shares of Columbia Financial in a report on Monday, August 17th. Finally, Keefe, Bruyette & Woods began coverage on shares of Columbia Financial in a report on Monday, August 17th. They issued an "outperform" rating and a $14.50 price objective for the company. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $15.10.

Columbia Financial Trading Down 0.1%

NASDAQ CLBK opened at $10.85 on Friday. Columbia Financial has a 12 month low of $6.56 and a 12 month high of $12.00. The stock's fifty day moving average price is $11.31 and its 200-day moving average price is $15.75. The stock has a market cap of $2.92 billion, a P/E ratio of 30.63 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.02.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.15 EPS for the quarter. The company had revenue of $73.75 million during the quarter. Columbia Financial had a return on equity of 5.25% and a net margin of 11.19%. As a group, equities analysts forecast that Columbia Financial will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Columbia Financial

Several large investors have recently modified their holdings of the stock. USA Financial Formulas bought a new stake in shares of Columbia Financial during the first quarter valued at about $44,000. The Manufacturers Life Insurance Company purchased a new stake in Columbia Financial in the second quarter valued at approximately $315,000. Quantbot Technologies LP acquired a new position in Columbia Financial in the 2nd quarter worth approximately $346,000. Jupiter Topco LLC purchased a new position in Columbia Financial during the 2nd quarter worth approximately $381,000. Finally, Legal & General Group Plc purchased a new position in Columbia Financial during the 2nd quarter worth approximately $476,000. 12.72% of the stock is owned by institutional investors.

About Columbia Financial

Columbia Financial, Inc is the holding company for Columbia Bank, a community-focused financial institution headquartered in Fair Lawn, New Jersey. Columbia Bank provides banking and financial services to consumers, businesses and organizations through a network of branches and digital banking channels.

The bank's products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer loans and commercial real estate and business lending.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.