Tudor Investment Corp ET AL Purchases Shares of 59,416 Columbia Financial $CLBK

Key Points

• Tudor Investment Corp ET AL purchased a new stake of 59,416 shares in Columbia Financial (≈$892,000), representing about 0.06% of the company, according to its latest 13F filing.
• Columbia Financial reported Q results of $0.15 EPS (meeting estimates) and revenue of $68.78M (above the $59.20M estimate); the stock has a market cap of $1.80B, a P/E of 33.98, and a 12‑month range of $12.64–$18.87.
• Several brokerages have moved to neutral/hold recently, leaving the consensus rating at Hold with an average price target of $18.50, and institutional investors own about 12.72% of the shares.

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

Several other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Columbia Financial by 2,322.2% in the third quarter. Russell Investments Group Ltd. now owns 2,616 shares of the company's stock valued at $39,000 after acquiring an additional 2,508 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Columbia Financial during the third quarter worth $63,000. Virtus Advisers LLC purchased a new stake in shares of Columbia Financial during the 3rd quarter valued at $120,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Columbia Financial during the 3rd quarter valued at $153,000. Finally, Intech Investment Management LLC boosted its position in shares of Columbia Financial by 7.9% in the 3rd quarter. Intech Investment Management LLC now owns 12,806 shares of the company's stock worth $192,000 after purchasing an additional 939 shares in the last quarter. Institutional investors own 12.72% of the company's stock.

Columbia Financial Trading Up 0.6%

NASDAQ:CLBK opened at $17.33 on Tuesday. Columbia Financial has a 12 month low of $12.64 and a 12 month high of $18.87. The firm has a fifty day simple moving average of $17.57 and a 200-day simple moving average of $16.24. 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 company has a market capitalization of $1.80 billion, a P/E ratio of 33.98 and a beta of 0.20.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.15 earnings per share for the quarter, meeting analysts' consensus estimates of $0.15. Columbia Financial had a net margin of 10.19% and a return on equity of 4.69%. The firm had revenue of $68.78 million for the quarter, compared to analyst estimates of $59.20 million. On average, equities research analysts anticipate that Columbia Financial will post 0.43 earnings per share for the current year.

Analyst Ratings Changes

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

Columbia Financial Company 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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