Tudor Investment Corp ET AL Purchases New Position in Columbia Financial $CLBK

Key Points

• Tudor Investment Corp purchased a new stake of 59,416 shares in Columbia Financial (CLBK) during Q3, valued at about $892,000, and institutional investors now own roughly 12.72% of the company.
• Analysts hold a consensus rating of Hold with an average target of $18.50 after recent coverage changes—Piper Sandler began coverage at "neutral," Brean Capital cut to "neutral," and Weiss Ratings moved to "hold."
• CLBK has a $1.90 billion market cap and a PE of 35.77; the most recent quarter reported EPS of $0.15 (in line with estimates) and a revenue beat of $68.8M versus $59.2M expected.

Tudor Investment Corp ET AL purchased a new stake in shares of Columbia Financial (NASDAQ:CLBK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 59,416 shares of the company's stock, valued at approximately $892,000. Tudor Investment Corp ET AL owned 0.06% of Columbia Financial at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Virtus Advisers LLC purchased a new position in Columbia Financial during the 3rd quarter valued at about $120,000. Millennium Management LLC boosted its position in Columbia Financial by 84.7% during the 3rd quarter. Millennium Management LLC now owns 46,338 shares of the company's stock valued at $696,000 after acquiring an additional 21,254 shares in the last quarter. Bank of America Corp DE boosted its position in Columbia Financial by 21.7% during the 3rd quarter. Bank of America Corp DE now owns 53,752 shares of the company's stock valued at $807,000 after acquiring an additional 9,589 shares in the last quarter. Alliancebernstein L.P. boosted its position in Columbia Financial by 12.3% during the 3rd quarter. Alliancebernstein L.P. now owns 49,350 shares of the company's stock valued at $741,000 after acquiring an additional 5,400 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Columbia Financial during the 3rd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 12.72% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Piper Sandler assumed coverage on Columbia Financial in a research report on Monday, March 16th. They set a "neutral" rating and a $18.00 price objective on the stock. Brean Capital cut Columbia Financial from a "strong-buy" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research report on Thursday, March 12th. Finally, Weiss Ratings raised Columbia Financial from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $18.50.

Columbia Financial Stock Performance

CLBK stock opened at $18.24 on Wednesday. The stock has a market capitalization of $1.90 billion, a PE ratio of 35.77 and a beta of 0.19. Columbia Financial has a 12-month low of $12.98 and a 12-month high of $18.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The stock's 50 day simple moving average is $17.92 and its 200 day simple moving average is $16.43.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $68.78 million for the quarter, compared to analysts' expectations of $59.20 million. Columbia Financial had a return on equity of 4.69% and a net margin of 10.19%. As a group, research analysts forecast that Columbia Financial will post 0.43 earnings per share for the current fiscal year.

Columbia Financial Profile

Columbia Financial, Inc is the bank holding company for Columbia Bank, a commercial bank headquartered in Fair Lawn, New Jersey. Through its principal subsidiary, Columbia Bank, the company offers a comprehensive suite of retail and commercial banking products and services. These offerings include deposit accounts, consumer and mortgage lending, commercial real estate financing, and business banking solutions tailored to small- and medium-sized enterprises.

On the consumer side, Columbia Bank provides checking and savings accounts, certificates of deposit, home equity lines of credit, and residential mortgage loans.

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