PDT Partners LLC Takes Position in Columbia Financial $CLBK

Key Points

• PDT Partners LLC has invested approximately $461,000 in Columbia Financial by acquiring 30,752 shares of its stock in the first quarter.
• Columbia Financial reported a quarterly EPS of $0.12, exceeding analysts' expectations and achieving revenue of $63.88 million for the same quarter.
• The company's stock currently trades at $15.00 with a market capitalization of approximately $1.57 billion and has experienced a 1.1% increase in value.

PDT Partners LLC bought a new position in shares of Columbia Financial (NASDAQ:CLBK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,752 shares of the company's stock, valued at approximately $461,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Columbia Financial by 79.1% during the 1st quarter. Signaturefd LLC now owns 1,637 shares of the company's stock worth $25,000 after purchasing an additional 723 shares in the last quarter. GAMMA Investing LLC increased its position in Columbia Financial by 4,061.3% during the 1st quarter. GAMMA Investing LLC now owns 2,580 shares of the company's stock worth $39,000 after purchasing an additional 2,518 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Columbia Financial during the 1st quarter worth approximately $152,000. Price T Rowe Associates Inc. MD acquired a new stake in Columbia Financial during the 4th quarter worth approximately $168,000. Finally, Two Sigma Advisers LP boosted its holdings in Columbia Financial by 22.5% in the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the company's stock worth $198,000 after acquiring an additional 2,300 shares during the period. Institutional investors and hedge funds own 12.72% of the company's stock.

Columbia Financial Stock Down 0.4%

NASDAQ CLBK traded down $0.07 on Wednesday, reaching $15.27. The company had a trading volume of 12,522 shares, compared to its average volume of 125,031. The firm has a market capitalization of $1.60 billion, a PE ratio of 254.50 and a beta of 0.32. Columbia Financial has a 1 year low of $12.64 and a 1 year high of $19.28. The firm has a 50-day moving average of $14.76 and a 200-day moving average of $14.61. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.01 and a quick ratio of 1.01.

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

Columbia Financial declared that its board has authorized a share buyback program on Monday, September 8th that authorizes the company to repurchase $1.80 million in shares. This repurchase authorization authorizes the company to reacquire up to 0.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

About Columbia Financial

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.