Nuveen LLC Makes New Investment in Columbia Financial $CLBK

Key Points

• Nuveen LLC has acquired a new stake in Columbia Financial, purchasing 90,833 shares valued at approximately $1.36 million, representing a 0.09% ownership in the company at the end of the latest reporting period.
• Other institutional investors, such as Dimensional Fund Advisors LP and Northern Trust Corp, have also increased their holdings in Columbia Financial during the fourth quarter.
• Columbia Financial's stock is currently priced at $15.03, with a twelve-month high of $19.28, and the company recently reported better-than-expected quarterly earnings of $0.12 EPS, exceeding estimates by $0.01.

Nuveen LLC acquired a new position in shares of Columbia Financial (NASDAQ:CLBK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 90,833 shares of the company's stock, valued at approximately $1,362,000. Nuveen LLC owned about 0.09% of Columbia Financial as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLBK. Wells Fargo & Company MN boosted its holdings in shares of Columbia Financial by 61.9% during the fourth quarter. Wells Fargo & Company MN now owns 22,343 shares of the company's stock worth $353,000 after purchasing an additional 8,542 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Columbia Financial in the fourth quarter valued at $208,000. Barclays PLC boosted its holdings in Columbia Financial by 8.4% in the fourth quarter. Barclays PLC now owns 53,605 shares of the company's stock valued at $848,000 after acquiring an additional 4,153 shares during the last quarter. Marshall Wace LLP boosted its holdings in Columbia Financial by 99.5% in the fourth quarter. Marshall Wace LLP now owns 29,095 shares of the company's stock valued at $460,000 after acquiring an additional 14,514 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Columbia Financial by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,897,424 shares of the company's stock valued at $29,999,000 after acquiring an additional 66,583 shares during the last quarter. Institutional investors and hedge funds own 12.72% of the company's stock.

Columbia Financial Trading Up 0.5%

Columbia Financial stock traded up $0.08 during midday trading on Thursday, reaching $14.92. The stock had a trading volume of 24,306 shares, compared to its average volume of 125,319. Columbia Financial has a twelve month low of $12.64 and a twelve month high of $19.28. The stock has a market capitalization of $1.57 billion, a PE ratio of 248.58 and a beta of 0.32. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.01 and a current ratio of 1.01. The stock's 50-day simple moving average is $14.73 and its 200 day simple moving average is $14.64.

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

Columbia Financial 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.