Jane Street Group LLC cut its holdings in Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 74.5% during the 4th quarter, according to its most recent 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 quarter. Jane Street Group LLC's holdings in Columbia Financial were worth $184,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in CLBK. Delta Financial Group Inc. purchased a new position in shares of Columbia Financial in the fourth quarter worth $578,000. Norges Bank bought a new stake in Columbia Financial in the 4th quarter worth about $1,299,000. Price T Rowe Associates Inc. MD purchased a new position in Columbia Financial in the 4th quarter worth about $168,000. JPMorgan Chase & Co. lifted its stake in Columbia Financial by 192.0% during 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 Columbia Financial during the 4th quarter valued at about $332,000. 12.72% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Piper Sandler reduced their price target on shares of Columbia Financial from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st.
View Our Latest Analysis on Columbia Financial
Columbia Financial Stock Performance
NASDAQ:CLBK traded up $0.28 during trading hours on Tuesday, reaching $14.45. The company had a trading volume of 104,551 shares, compared to its average volume of 106,233. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -120.42 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. The firm's 50 day moving average price is $14.17 and its 200-day moving average price is $15.32. 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $58.80 million during the quarter, compared to analyst estimates of $49.95 million. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%. On average, analysts forecast that Columbia Financial, Inc. will post 0.43 EPS for the current year.
Columbia Financial Profile
(
Free Report)
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.
Further Reading
Before you consider Columbia Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Columbia Financial wasn't on the list.
While Columbia Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
