CW Advisors LLC Makes New Investment in Columbia Financial $CLBK

Key Points

• CW Advisors LLC has made a new investment of approximately $1.10 million in Columbia Financial, acquiring 72,113 shares of the company.
• Columbia Financial's stock has seen a 2.1% decline, currently trading at $15.02, with a market capitalization of $1.58 billion.
• The company's recent earnings report showed an EPS of $0.12, exceeding analysts' expectations, and revenue of $63.88 million, comparing favorably to the projected $53.20 million.

CW Advisors LLC acquired a new position in shares of Columbia Financial (NASDAQ:CLBK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 72,113 shares of the company's stock, valued at approximately $1,095,000. CW Advisors LLC owned about 0.07% of Columbia Financial at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in Columbia Financial by 9.7% during the first quarter. American Century Companies Inc. now owns 62,411 shares of the company's stock worth $936,000 after purchasing an additional 5,525 shares during the last quarter. Nuveen LLC bought a new stake in Columbia Financial in the first quarter valued at $1,362,000. Deutsche Bank AG lifted its stake in Columbia Financial by 39.2% in the first quarter. Deutsche Bank AG now owns 20,924 shares of the company's stock valued at $314,000 after buying an additional 5,892 shares during the last quarter. Signaturefd LLC lifted its stake in Columbia Financial by 79.1% in the first quarter. Signaturefd LLC now owns 1,637 shares of the company's stock valued at $25,000 after buying an additional 723 shares during the last quarter. Finally, OneDigital Investment Advisors LLC bought a new stake in Columbia Financial in the first quarter valued at $152,000. 12.72% of the stock is currently owned by institutional investors.

Columbia Financial Stock Performance

CLBK stock traded down $0.05 during mid-day trading on Friday, reaching $15.03. The company had a trading volume of 69,822 shares, compared to its average volume of 100,984. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $1.58 billion, a P/E ratio of 250.50 and a beta of 0.32. Columbia Financial has a one year low of $12.64 and a one year high of $19.28. The stock's 50-day simple moving average is $14.70 and its two-hundred day simple moving average is $14.64.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $63.88 million for the quarter, compared to analyst estimates of $53.20 million. Columbia Financial had a return on equity of 3.58% and a net margin of 1.24%. Research analysts anticipate that Columbia Financial will post 0.43 EPS 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.