Vanguard Group Inc. Sells 82,408 Shares of Columbia Financial, Inc. (NASDAQ:CLBK)

Vanguard Group Inc. decreased its position in Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,740,945 shares of the company's stock after selling 82,408 shares during the period. Vanguard Group Inc. owned approximately 2.60% of Columbia Financial worth $43,060,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its stake in Columbia Financial by 26.8% in the third quarter. American Century Companies Inc. now owns 22,729 shares of the company's stock valued at $357,000 after buying an additional 4,807 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Columbia Financial by 30.0% during the third quarter. The Manufacturers Life Insurance Company now owns 17,837 shares of the company's stock worth $280,000 after acquiring an additional 4,118 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Columbia Financial by 63.8% during the third quarter. Tower Research Capital LLC TRC now owns 8,708 shares of the company's stock worth $137,000 after acquiring an additional 3,392 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Columbia Financial in the third quarter worth $112,000. Finally, UBS Group AG increased its stake in Columbia Financial by 379.0% in the third quarter. UBS Group AG now owns 25,813 shares of the company's stock valued at $406,000 after purchasing an additional 20,424 shares in the last quarter. Institutional investors own 12.72% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler reissued a "neutral" rating and set a $19.00 price objective on shares of Columbia Financial in a research report on Tuesday, March 26th.

Columbia Financial Stock Down 5.0 %

CLBK traded down $0.85 during trading on Wednesday, hitting $16.11. 103,549 shares of the company's stock were exchanged, compared to its average volume of 72,073. Columbia Financial, Inc. has a fifty-two week low of $14.11 and a fifty-two week high of $20.46. The stock has a market cap of $1.69 billion, a P/E ratio of 45.43 and a beta of 0.21. The business's 50 day moving average is $16.76 and its two-hundred day moving average is $17.25. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.47.

Columbia Financial (NASDAQ:CLBK - Get Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Columbia Financial had a net margin of 8.54% and a return on equity of 4.94%. The company had revenue of $56.59 million during the quarter, compared to the consensus estimate of $54.90 million. As a group, equities analysts expect that Columbia Financial, Inc. will post 0.22 earnings per share for the current fiscal year.

Columbia Financial Company 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.