Columbia Financial (NASDAQ:CLBK) Issues Quarterly Earnings Results

Key Points

• Columbia Financial reported quarterly EPS of $0.16, beating the consensus estimate of $0.15. The company posted a 5.25% return on equity and an 11.19% net margin.
• Shares rose $0.06 to $10.73 in Thursday trading, giving the company a market capitalization of approximately $2.89 billion. The stock remains below its 52-week high of $12.00.
• Analyst sentiment is generally positive, with three Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $15.10.

Columbia Financial (NASDAQ:CLBK - Get Free Report) announced its earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01, FiscalAI reports. Columbia Financial had a return on equity of 5.25% and a net margin of 11.19%.

Columbia Financial Price Performance

NASDAQ CLBK traded up $0.06 during trading hours on Thursday, reaching $10.73. The company's stock had a trading volume of 1,761,787 shares, compared to its average volume of 2,523,737. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.98 and a quick ratio of 0.98. Columbia Financial has a 1-year low of $6.56 and a 1-year high of $12.00. The company's 50-day moving average is $11.25 and its two-hundred day moving average is $16.09. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 31.99 and a beta of 0.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CLBK shares. New Street Research set a $14.00 price objective on Columbia Financial in a research report on Monday, August 17th. Keefe, Bruyette & Woods started coverage on Columbia Financial in a research note on Monday, August 17th. They issued an "outperform" rating and a $14.50 price target on the stock. Weiss Ratings lowered shares of Columbia Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. Brean Capital upgraded Columbia Financial from a "neutral" rating to a "buy" rating in a report on Monday, August 17th. Finally, Wall Street Zen raised Columbia Financial from a "sell" rating to a "hold" rating in a research report on Saturday, October 24th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.10.

Columbia Financial Company Profile

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.

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