Jane Street Group LLC Has $184,000 Stake in Columbia Financial, Inc. (NASDAQ:CLBK)

Jane Street Group LLC lowered its holdings in Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 74.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,641 shares of the company's stock after selling 33,989 shares during the period. Jane Street Group LLC's holdings in Columbia Financial were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Delta Financial Group Inc. bought a new position in Columbia Financial in the fourth quarter valued at $578,000. Norges Bank bought a new position in shares of Columbia Financial in the 4th quarter valued at about $1,299,000. Price T Rowe Associates Inc. MD bought a new position in shares of Columbia Financial in the 4th quarter valued at about $168,000. JPMorgan Chase & Co. grew its position in shares of Columbia Financial by 192.0% in the 4th 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 during the period. Finally, Roxbury Financial LLC bought a new position in shares of Columbia Financial in the 4th quarter valued at about $332,000. Institutional investors own 12.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price objective on shares of Columbia Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st.

Columbia Financial Stock Performance

Shares of CLBK traded up $0.15 during midday trading on Friday, reaching $14.13. The stock had a trading volume of 184,992 shares, compared to its average volume of 105,984. The firm has a 50 day simple moving average of $14.18 and a 200-day simple moving average of $15.37. Columbia Financial, Inc. has a one year low of $12.64 and a one year high of $19.28. The firm has a market cap of $1.48 billion, a PE ratio of -117.75 and a beta of 0.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $58.80 million during the quarter, compared to the consensus estimate of $49.95 million. Columbia Financial had a negative net margin of 2.39% and a positive return on equity of 2.20%. As a group, sell-side analysts anticipate that Columbia Financial, Inc. 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.