Columbia Financial $CLBK Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Columbia Financial (NASDAQ:CLBK) by 12.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 676,066 shares of the company’s stock after purchasing an additional 72,334 shares during the period. Renaissance Technologies LLC’s holdings in Columbia Financial were worth $11,838,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLBK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Columbia Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,384 shares of the company’s stock valued at $246,000 after buying an additional 702 shares during the period. Intech Investment Management LLC boosted its position in Columbia Financial by 7.9% in the 3rd quarter. Intech Investment Management LLC now owns 12,806 shares of the company’s stock valued at $192,000 after buying an additional 939 shares during the period. Invesco Ltd. grew its stake in Columbia Financial by 2.7% during the 2nd quarter. Invesco Ltd. now owns 40,957 shares of the company’s stock worth $594,000 after purchasing an additional 1,086 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Columbia Financial by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,949 shares of the company’s stock worth $260,000 after buying an additional 1,342 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Columbia Financial by 59.8% in the 4th quarter. Russell Investments Group Ltd. now owns 4,180 shares of the company’s stock valued at $65,000 after purchasing an additional 1,564 shares during the last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Columbia Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of Columbia Financial in a research report on Friday, June 5th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Columbia Financial Stock Down 1.3%

Shares of NASDAQ CLBK opened at $10.81 on Friday. The firm has a 50-day moving average price of $19.04 and a 200 day moving average price of $18.31. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 32.23 and a beta of 0.25. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.06. Columbia Financial has a 52 week low of $6.21 and a 52 week high of $11.74.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The business had revenue of $73.75 million for the quarter, compared to analysts’ expectations of $71.15 million. Columbia Financial had a return on equity of 5.29% and a net margin of 11.19%. Equities research analysts anticipate that Columbia Financial will post 0.33 EPS for the current fiscal year.

Columbia Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a $0.05 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%.

Columbia Financial Company Profile

Columbia Financial, Inc is the bank holding company for Columbia Bank, a commercial bank headquartered in Fair Lawn, New Jersey. Through its principal subsidiary, Columbia Bank, the company offers a comprehensive suite of retail and commercial banking products and services. These offerings include deposit accounts, consumer and mortgage lending, commercial real estate financing, and business banking solutions tailored to small- and medium-sized enterprises.

On the consumer side, Columbia Bank provides checking and savings accounts, certificates of deposit, home equity lines of credit, and residential mortgage loans.