D. E. Shaw & Co. Inc. Purchases 19,460 Shares of Columbia Financial, Inc. (NASDAQ:CLBK)

D. E. Shaw & Co. Inc. lifted its position in Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 29.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,096 shares of the company's stock after purchasing an additional 19,460 shares during the period. D. E. Shaw & Co. Inc. owned about 0.08% of Columbia Financial worth $1,345,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Columbia Financial by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,897,424 shares of the company's stock valued at $29,999,000 after purchasing an additional 66,583 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Columbia Financial by 0.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,239,007 shares of the company's stock valued at $19,589,000 after buying an additional 4,470 shares during the period. Northern Trust Corp raised its holdings in shares of Columbia Financial by 4.5% during the fourth quarter. Northern Trust Corp now owns 266,601 shares of the company's stock valued at $4,215,000 after acquiring an additional 11,450 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $3,646,000 after acquiring an additional 2,946 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Columbia Financial by 192.0% in the fourth quarter. JPMorgan Chase & Co. now owns 93,330 shares of the company's stock valued at $1,476,000 after acquiring an additional 61,369 shares in the last quarter. Hedge funds and other institutional investors own 12.72% of the company's stock.

Columbia Financial Stock Down 1.4%

Shares of NASDAQ CLBK traded down $0.21 during trading on Wednesday, reaching $14.37. The company had a trading volume of 5,402 shares, compared to its average volume of 106,283. Columbia Financial, Inc. has a 12-month low of $12.64 and a 12-month high of $19.28. The business's 50-day moving average is $14.33 and its 200 day moving average is $15.60. The stock has a market cap of $1.51 billion, a PE ratio of -120.02 and a beta of 0.18. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate 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. As a group, equities 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 reduced their target price on Columbia Financial from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st.

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.