Vanguard Group Inc. Lowers Stake in Columbia Financial $CLBK

Key Points

• Vanguard Group Inc. has reduced its position in Columbia Financial by 1.4%, now owning 2,614,330 shares valued at approximately $39.22 million.
• Columbia Financial reported earnings of $0.12 per share for the last quarter, surpassing the consensus estimate of $0.11, and generated revenue of $63.88 million.
• The current average rating for Columbia Financial's stock is "Hold" with a consensus target price set at $16.00, following a recent price target reduction by Piper Sandler.

Vanguard Group Inc. decreased its stake in Columbia Financial (NASDAQ:CLBK - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,614,330 shares of the company's stock after selling 37,988 shares during the period. Vanguard Group Inc. owned approximately 2.49% of Columbia Financial worth $39,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Columbia Financial by 3.6% during the 4th 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 in the last quarter. Hsbc Holdings PLC purchased a new position in Columbia Financial during the 4th quarter valued at about $474,000. D. E. Shaw & Co. Inc. increased its holdings in Columbia Financial by 29.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 85,096 shares of the company's stock valued at $1,345,000 after acquiring an additional 19,460 shares in the last quarter. Marshall Wace LLP increased its holdings in Columbia Financial by 99.5% during the 4th 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 in the last quarter. Finally, Two Sigma Investments LP purchased a new position in Columbia Financial during the 4th quarter valued at about $223,000. Institutional investors and hedge funds own 12.72% of the company's stock.

Columbia Financial Price Performance

NASDAQ:CLBK traded down $0.05 during mid-day trading on Monday, hitting $15.03. 69,822 shares of the company's stock traded hands, compared to its average volume of 100,984. 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 firm's 50 day simple moving average is $14.71 and its 200 day simple moving average is $14.63. Columbia Financial has a 1 year low of $12.64 and a 1 year high of $19.28. The company has a market cap of $1.58 billion, a PE ratio of 250.50 and a beta of 0.32.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Columbia Financial had a net margin of 1.24% and a return on equity of 3.58%. The firm had revenue of $63.88 million during the quarter, compared to the consensus estimate of $53.20 million. Sell-side 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.