Columbia Financial, Inc. (NASDAQ:CLBK - Get Free Report)'s stock price gapped down prior to trading on Wednesday after Piper Sandler lowered their price target on the stock from $19.00 to $17.00. The stock had previously closed at $16.60, but opened at $15.23. Piper Sandler currently has a neutral rating on the stock. Columbia Financial shares last traded at $15.03, with a volume of 10,749 shares trading hands.
Hedge Funds Weigh In On Columbia Financial
Institutional investors have recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Columbia Financial during the 4th quarter worth $234,000. Bank of New York Mellon Corp grew its stake in shares of Columbia Financial by 0.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 143,786 shares of the company's stock worth $2,259,000 after purchasing an additional 958 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Columbia Financial by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company's stock worth $32,452,000 after purchasing an additional 56,155 shares during the period. 12.72% of the stock is owned by institutional investors and hedge funds.
Columbia Financial Stock Performance
The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 43.74 and a beta of 0.21. The stock's 50 day moving average price is $16.53 and its two-hundred day moving average price is $17.32.
Columbia Financial Company Profile
(
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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.
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