NASDAQ:CLBK

Columbia Financial - CLBK Stock Forecast, Price & News

$22.59

+0.42 (+1.89%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $22.03
▼
$22.69
50-Day Range: $20.01
▼
$22.80
52-Week Range: $17.10
▼
$22.86

Volume: 77,613 shs
Average Volume: 129,418 shs
Market Capitalization: $2.50 billion

P/E Ratio: 26.58
Dividend Yield: N/A
Price Target: $22.00

Columbia Financial MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 2.6% Downside
$22.00 Price Target
Short Interest: Healthy
2.80% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.73
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.75%
From $0.87 to $0.92 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.61 out of 5 stars

Finance Sector

862nd out of 924 stocks

Federal Savings Institutions Industry

40th out of 44 stocks

1.0

Analyst's Opinion

Consensus Rating
Columbia Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Columbia Financial has a forecasted downside of 2.6% from its current price of $22.59.
Amount of Analyst Coverage
Columbia Financial has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.80% of the float of Columbia Financial has been sold short.
Short Interest Ratio / Days to Cover
Columbia Financial has a short interest ratio ("days to cover") of 6.8.
Change versus previous month
Short interest in Columbia Financial has recently decreased by 15.04%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Columbia Financial does not currently pay a dividend.
Dividend Growth
Columbia Financial does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLBK.

3.7

News and Social Media Coverage

News Sentiment
Columbia Financial has a news sentiment score of 1.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Columbia Financial this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Columbia Financial to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Columbia Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.60% of the stock of Columbia Financial is held by insiders.
Percentage Held by Institutions
Only 15.20% of the stock of Columbia Financial is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Columbia Financial are expected to grow by 5.75% in the coming year, from $0.87 to $0.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Columbia Financial is 26.58, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Columbia Financial is 26.58, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.36.
Price to Book Value per Share Ratio
Columbia Financial has a P/B Ratio of 2.23. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Columbia Financial (NASDAQ:CLBK) Stock

Columbia Financial, Inc., a bank holding company, provides financial services to businesses and consumers in the United States. The company offers non-interest-bearing demand deposits, such as individual and commercial checking accounts; interest bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit. It also provides loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, construction loans, home equity loans and advances, and other consumer loans that include automobiles and personal loans, as well as unsecured and overdraft lines of credit. In addition, the company offers title insurance products; wealth management services; and cash management services, including remote deposit, lockbox service, and sweep accounts. As of December 31, 2021, it operated 62 full-service banking offices in 12 of New Jersey's 21 counties; and 2 branch offices in Freehold, New Jersey. The company was founded in 1927 and is headquartered in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC.

Analyst Ratings Changes

A number of equities analysts have commented on CLBK shares. Compass Point cut shares of Columbia Financial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $20.00 in a research report on Thursday, April 28th. They noted that the move was a valuation call. Piper Sandler downgraded shares of Columbia Financial from an "overweight" rating to a "neutral" rating and set a $24.00 target price for the company. in a report on Thursday, July 28th.

Columbia Financial Stock Performance

Shares of NASDAQ:CLBK traded up $0.42 during trading hours on Monday, reaching $22.59. 77,613 shares of the stock were exchanged, compared to its average volume of 133,502. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 26.08 and a beta of 0.30. The stock's fifty day simple moving average is $21.48 and its 200 day simple moving average is $21.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.86 and a current ratio of 0.86. Columbia Financial has a 52 week low of $17.10 and a 52 week high of $22.86.

Columbia Financial (NASDAQ:CLBK - Get Rating) last posted its earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, hitting analysts' consensus estimates of $0.23. Columbia Financial had a return on equity of 8.64% and a net margin of 28.56%. The company had revenue of $74.18 million during the quarter, compared to the consensus estimate of $76.20 million. Sell-side analysts predict that Columbia Financial will post 0.87 EPS for the current year.

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CLBK Stock News Headlines

July 30, 2022 | americanbankingnews.com

Columbia Financial (NASDAQ:CLBK) Stock Rating Lowered by Piper Sandler

July 29, 2022 | uk.investing.com

Columbia Financial Insider Trades $397K In Company Stock

July 28, 2022 | nasdaq.com

CLBK Makes Notable Cross Below Critical Moving Average

July 27, 2022 | nasdaq.com

Insiders Were Right: CLBK Makes New 52-Week High

July 27, 2022 | finance.yahoo.com

Columbia Financial, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2022

July 27, 2022 | benzinga.com

CEO Of Columbia Financial Makes $1.75M Sale

July 27, 2022 | benzinga.com

Columbia Financial Insider Trades $156K In Company Stock

June 27, 2022 | finance.yahoo.com

Royalty Pharma (RPRX) Surges 5.2%: Is This an Indication of Further Gains?

June 15, 2022 | finance.yahoo.com

Columbia Bank Hires Jenifer Walden, New Executive Vice President, Chief Human Resources Officer

June 15, 2022 | finance.yahoo.com

Investing in Columbia Financial (NASDAQ:CLBK) three years ago would have delivered you a 42% gain

June 3, 2022 | finance.yahoo.com

Has Columbia Financial (CLBK) Outpaced Other Finance Stocks This Year?

May 27, 2022 | finance.yahoo.com

Earnings Estimates Moving Higher for Columbia Financial (CLBK): Time to Buy?

May 19, 2022 | nasdaq.com

Columbia Financial Breaks Below 200-Day Moving Average - Notable for CLBK

May 4, 2022 | finance.yahoo.com

After Plunging 10.5% in 4 Weeks, Here's Why the Trend Might Reverse for Columbia Financial (CLBK)

April 29, 2022 | finance.yahoo.com

Down 9.2% in 4 Weeks, Here's Why Columbia Financial (CLBK) Looks Ripe for a Turnaround

April 28, 2022 | nasdaq.com

Notable Two Hundred Day Moving Average Cross - CLBK

April 28, 2022 | seekingalpha.com

Columbia Financial stock drops after Compass Point downgrades

April 27, 2022 | finance.yahoo.com

Columbia Financial (CLBK) Q1 Earnings Surpass Estimates

April 27, 2022 | finance.yahoo.com

Columbia Financial, Inc. Announces Financial Results for the First Quarter Ended March 31, 2022

April 18, 2022 | finance.yahoo.com

Columbia Financial, Inc. Receives Regulatory Approvals for Acquisition of RSI Bank

April 6, 2022 | finance.yahoo.com

Does Columbia Financial (NASDAQ:CLBK) Deserve A Spot On Your Watchlist?

March 22, 2022 | finance.yahoo.com

Here's Why Momentum in Columbia Financial (CLBK) Should Keep going

March 8, 2022 | finance.yahoo.com

What Makes Columbia Financial (CLBK) a New Strong Buy Stock

March 3, 2022 | msn.com

Here's Why "Trend" Investors Would Love Betting on Columbia Financial (CLBK)

February 16, 2022 | finance.yahoo.com

Why Columbia Financial (CLBK) Might be Well Poised for a Surge

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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CLBK Company Calendar

Last Earnings: 7/27/2022
Today: 8/16/2022
Next Earnings (Estimated): 10/26/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Federal savings institutions
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CLBK
CUSIP: N/A
CIK: 1723596
Web: www.columbiabankonline.com
Phone: (800) 522-4167
Fax: N/A
Employees: 645
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $22.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: -2.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.85
Trailing P/E Ratio: 26.58
Forward P/E Ratio: 25.97
P/E Growth: N/A
Net Income: $92.05 million
Net Margins: 28.56%
Pretax Margin: 38.80%
Return on Equity: 8.64%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 0.86
Quick Ratio: 0.86

Sales & Book Value

Annual Sales: $308.98 million
Price / Sales: 8.08
Cash Flow: $1.08 per share
Price / Cash Flow: 20.99
Book Value: $10.15 per share
Price / Book: 2.23

Miscellaneous

Outstanding Shares: 110,500,000
Free Float: 107,627,000
Market Cap: $2.50 billion
Optionable: Optionable
Beta: 0.30

Key Executives

Mr. Thomas J. Kemly (Age 64)
Pres, CEO & Director
Comp: $1.77M
Mr. Dennis E. Gibney C.F.A. (Age 48)
CFA, Exec. VP & CFO
Comp: $820.54k
Mr. Edward Thomas Allen Jr. (Age 65)
Sr. Exec. VP & COO
Comp: $1.01M
Mr. John Klimowich (Age 59)
Exec. VP & Chief Risk Officer
Comp: $673.86k
Ms. Allyson Katz Schlesinger (Age 50)
Exec. VP & Head of Consumer Banking
Comp: $752.08k
Mr. Oliver Edward Lewis Jr. (Age 57)
Exec. VP & Head of Commercial Banking
Comp: $673.57k
Ms. Geri M. Kelly (Age 65)
Exec. VP & HR Officer
Mr. W. Justin Jennings (Age 40)
Exec. VP & Operations Officer
Mayra L. Rinaldi
Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLBK Stock - Frequently Asked Questions

Should I buy or sell Columbia Financial stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbia Financial in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CLBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLBK, but not buy additional shares or sell existing shares.
View CLBK analyst ratings or view top-rated stocks.
What is Columbia Financial's stock price forecast for 2022?: 2 equities research analysts have issued twelve-month price objectives for Columbia Financial's stock. Their CLBK share price forecasts range from $20.00 to $24.00. On average, they expect the company's stock price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
View analysts price targets for CLBK or view top-rated stocks among Wall Street analysts.
How have CLBK shares performed in 2022?: Columbia Financial's stock was trading at $20.86 at the start of the year. Since then, CLBK stock has increased by 8.3% and is now trading at $22.59.
View the best growth stocks for 2022 here.
When is Columbia Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our CLBK earnings forecast.
How were Columbia Financial's earnings last quarter?: Columbia Financial, Inc. (NASDAQ:CLBK) announced its quarterly earnings data on Wednesday, July, 27th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.23. The firm earned $74.18 million during the quarter, compared to analyst estimates of $76.20 million. Columbia Financial had a trailing twelve-month return on equity of 8.64% and a net margin of 28.56%.
What other stocks do shareholders of Columbia Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Columbia Financial investors own include Kearny Financial (KRNY), MBIA (MBI), Bristol-Myers Squibb (BMY), Walt Disney (DIS), Consolidated Edison (ED), Enbridge (ENB), International Business Machines (IBM), KeyCorp (KEY) and Altria Group (MO).

What is Columbia Financial's stock symbol?: Columbia Financial trades on the NASDAQ under the ticker symbol "CLBK."
Who are Columbia Financial's major shareholders?: Columbia Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (0.85%), State Street Corp (0.78%), Northern Trust Corp (0.29%), Allspring Global Investments Holdings LLC (0.17%), Russell Investments Group Ltd. (0.16%) and Swiss National Bank (0.08%). Insiders that own company stock include Allyson Katz Schlesinger, Dennis E Gibney, Dyk Robert Van, Elizabeth E Randall, Michael Jr Massood and Ostenbridge Paul Van.
View institutional ownership trends.
How do I buy shares of Columbia Financial?: Shares of CLBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Columbia Financial's stock price today?: One share of CLBK stock can currently be purchased for approximately $22.59.
How much money does Columbia Financial make?: Columbia Financial (NASDAQ:CLBK) has a market capitalization of $2.50 billion and generates $308.98 million in revenue each year. The company earns $92.05 million in net income (profit) each year or $0.85 on an earnings per share basis.
How many employees does Columbia Financial have?: The company employs 645 workers across the globe.
How can I contact Columbia Financial?: Columbia Financial's mailing address is 19-01 Route 208 North, Fair Lawn NJ, 07140. The official website for the company is www.columbiabankonline.com. The company can be reached via phone at (800) 522-4167.

This page (NASDAQ:CLBK) was last updated on 8/16/2022 by MarketBeat.com Staff

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Columbia Financial - CLBK Stock Forecast, Price & News

Columbia Financial MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month