Acadian Asset Management LLC Lowers Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

Share on StockTwits

Acadian Asset Management LLC decreased its position in Columbia Financial, Inc. (NASDAQ:CLBK) by 15.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 421,666 shares of the company’s stock after selling 76,442 shares during the period. Acadian Asset Management LLC owned 0.37% of Columbia Financial worth $4,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CLBK. Bank of Montreal Can purchased a new stake in shares of Columbia Financial in the second quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Columbia Financial by 35.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,005 shares of the company’s stock valued at $84,000 after purchasing an additional 1,584 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Columbia Financial by 46.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,779 shares of the company’s stock valued at $97,000 after purchasing an additional 2,774 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Columbia Financial by 270.8% in the third quarter. BNP Paribas Arbitrage SA now owns 11,546 shares of the company’s stock valued at $128,000 after purchasing an additional 8,432 shares during the period. Finally, ARGI Investment Services LLC purchased a new stake in shares of Columbia Financial in the third quarter valued at approximately $139,000. Hedge funds and other institutional investors own 17.04% of the company’s stock.

Columbia Financial stock opened at $14.49 on Friday. The business has a fifty day moving average of $12.83 and a two-hundred day moving average of $12.64. The firm has a market cap of $1.63 billion, a P/E ratio of 31.50 and a beta of 0.14. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.00. Columbia Financial, Inc. has a twelve month low of $10.27 and a twelve month high of $17.34.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Columbia Financial had a return on equity of 5.49% and a net margin of 15.57%. Equities analysts expect that Columbia Financial, Inc. will post 0.53 earnings per share for the current year.

A number of research firms have weighed in on CLBK. Zacks Investment Research upgraded Columbia Financial from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, November 2nd. BidaskClub upgraded Columbia Financial from a “hold” rating to a “buy” rating in a report on Monday, October 26th. Finally, Piper Sandler lowered Columbia Financial from an “overweight” rating to a “neutral” rating and set a $13.50 target price for the company. in a report on Friday, October 30th.

About Columbia Financial

Columbia Financial, Inc operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers in the United States. The company offers non-interest bearing demand deposits, such as individual checking 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.

Further Reading: Market Perform

Want to see what other hedge funds are holding CLBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Financial, Inc. (NASDAQ:CLBK).

Institutional Ownership by Quarter for Columbia Financial (NASDAQ:CLBK)

Receive News & Ratings for Columbia Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

NanoString Technologies, Inc.  Holdings Raised by Swiss National Bank
NanoString Technologies, Inc. Holdings Raised by Swiss National Bank
Virginia Retirement Systems ET AL Sells 2,000 Shares of Dunkin’ Brands Group, Inc.
Virginia Retirement Systems ET AL Sells 2,000 Shares of Dunkin’ Brands Group, Inc.
NorthWestern Co.  Shares Sold by Virginia Retirement Systems ET AL
NorthWestern Co. Shares Sold by Virginia Retirement Systems ET AL
Federated Hermes Inc. Trims Stock Holdings in Radian Group Inc.
Federated Hermes Inc. Trims Stock Holdings in Radian Group Inc.
The Manufacturers Life Insurance Company Acquires 4,103 Shares of Adient plc
The Manufacturers Life Insurance Company Acquires 4,103 Shares of Adient plc
Skandinaviska Enskilda Banken AB publ Takes $796,000 Position in OPKO Health, Inc.
Skandinaviska Enskilda Banken AB publ Takes $796,000 Position in OPKO Health, Inc.


 
© 2006-2020 Zolmax.