Columbia Financial, Inc. (NASDAQ:CLBK) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 192.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 93,330 shares of the company's stock after purchasing an additional 61,369 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Columbia Financial worth $1,476,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Columbia Financial by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,637 shares of the company's stock worth $3,646,000 after buying an additional 2,946 shares during the period. American Century Companies Inc. grew its position in Columbia Financial by 9.9% in the 4th quarter. American Century Companies Inc. now owns 56,886 shares of the company's stock valued at $899,000 after acquiring an additional 5,122 shares in the last quarter. Barclays PLC increased its stake in Columbia Financial by 132.1% during the third quarter. Barclays PLC now owns 49,452 shares of the company's stock worth $844,000 after purchasing an additional 28,147 shares during the period. Jane Street Group LLC lifted its position in shares of Columbia Financial by 36.9% during the third quarter. Jane Street Group LLC now owns 45,630 shares of the company's stock worth $779,000 after purchasing an additional 12,291 shares in the last quarter. Finally, Delta Financial Group Inc. purchased a new position in shares of Columbia Financial in the fourth quarter valued at approximately $578,000. Institutional investors and hedge funds own 12.72% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their target price on shares of Columbia Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday.

Columbia Financial Stock Up 7.4 %

CLBK traded up $0.99 on Thursday, hitting $14.46. 38,367 shares of the company were exchanged, compared to its average volume of 102,914. The firm has a 50-day moving average price of $14.51 and a two-hundred day moving average price of $15.92. 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 twelve month low of $12.64 and a twelve month high of $19.28. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -120.51 and a beta of 0.13.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, hitting analysts' consensus estimates of $0.09. Columbia Financial had a negative net margin of 2.39% and a positive return on equity of 2.20%. The firm had revenue of $58.80 million for the quarter, compared to analyst estimates of $49.95 million. On average, equities analysts predict that Columbia Financial, Inc. will post 0.43 earnings per share for the current year.

Columbia Financial Company 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.