Dimensional Fund Advisors LP Has $30 Million Stock Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

Dimensional Fund Advisors LP increased its holdings in shares of Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,897,424 shares of the company's stock after purchasing an additional 66,583 shares during the quarter. Dimensional Fund Advisors LP owned 1.81% of Columbia Financial worth $29,999,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Columbia Financial during the 4th quarter worth $1,299,000. JPMorgan Chase & Co. raised its stake in shares of Columbia Financial by 192.0% during the fourth quarter. JPMorgan Chase & Co. now owns 93,330 shares of the company's stock valued at $1,476,000 after purchasing an additional 61,369 shares in the last quarter. Delta Financial Group Inc. bought a new stake in Columbia Financial in the fourth quarter worth about $578,000. Barclays PLC lifted its holdings in shares of Columbia Financial by 132.1% during the third quarter. Barclays PLC now owns 49,452 shares of the company's stock valued at $844,000 after purchasing an additional 28,147 shares during the last quarter. Finally, Roxbury Financial LLC purchased a new stake in shares of Columbia Financial in the fourth quarter valued at $332,000. 12.72% of the stock is owned by hedge funds and other institutional investors.

Columbia Financial Stock Performance

NASDAQ CLBK traded down $0.11 during trading on Friday, hitting $15.24. The company's stock had a trading volume of 68,577 shares, compared to its average volume of 104,580. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32. The firm has a market cap of $1.60 billion, a P/E ratio of -127.00 and a beta of 0.18. The firm has a 50 day moving average price of $14.44 and a 200 day moving average price of $15.82. 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 posted its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, meeting 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 business had revenue of $58.80 million for the quarter, compared to analysts' expectations of $49.95 million. Equities research analysts forecast that Columbia Financial, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Piper Sandler cut their price target on shares of Columbia Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st.

About Columbia Financial

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.