Dimensional Fund Advisors LP lifted its position in shares of Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,897,424 shares of the company's stock after buying an additional 66,583 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.81% of Columbia Financial worth $29,999,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Columbia Financial by 183.7% in the fourth quarter. Blue Trust Inc. now owns 5,541 shares of the company's stock valued at $95,000 after purchasing an additional 3,588 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Columbia Financial during the 4th quarter worth approximately $114,000. Strategic Advisors LLC purchased a new stake in Columbia Financial in the 4th quarter valued at approximately $165,000. Raymond James Financial Inc. acquired a new stake in Columbia Financial during the 4th quarter valued at $208,000. Finally, Intech Investment Management LLC acquired a new stake in Columbia Financial during the 4th quarter valued at $212,000. 12.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler cut their price target on Columbia Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.
View Our Latest Stock Analysis on CLBK
Columbia Financial Trading Down 0.7%
Shares of NASDAQ CLBK traded down $0.11 during midday trading on Friday, reaching $15.24. 68,577 shares of the stock were exchanged, compared to its average volume of 104,791. The stock has a 50 day moving average price of $14.44 and a 200-day moving average price of $15.81. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $1.60 billion, a P/E ratio of -127.00 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.
Columbia Financial (NASDAQ:CLBK - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate 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 negative net margin of 2.39% and a positive return on equity of 2.20%. Equities research analysts expect that Columbia Financial, Inc. will post 0.43 earnings per share 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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