Columbia Financial (NASDAQ:CLBK) Hits New 1-Year High at $18.84

Shares of Columbia Financial, Inc. (NASDAQ:CLBK) hit a new 52-week high during trading on Monday . The stock traded as high as $18.84 and last traded at $18.82, with a volume of 4552 shares. The stock had previously closed at $18.23.

Several analysts recently commented on CLBK shares. Compass Point raised shares of Columbia Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $19.00 in a report on Monday, June 21st. Zacks Investment Research raised shares of Columbia Financial from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, July 30th.

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73. The firm’s 50 day simple moving average is $17.98 and its two-hundred day simple moving average is $17.72. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 23.08 and a beta of 0.37.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings data on Wednesday, July 28th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.07. Columbia Financial had a net margin of 25.94% and a return on equity of 8.70%. The business had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $68.40 million. As a group, equities research analysts anticipate that Columbia Financial, Inc. will post 0.87 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. D. E. Shaw & Co. Inc. acquired a new position in shares of Columbia Financial in the 1st quarter valued at approximately $668,000. Dimensional Fund Advisors LP raised its position in shares of Columbia Financial by 6.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 650,661 shares of the company’s stock valued at $10,124,000 after buying an additional 40,270 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Columbia Financial by 1.6% in the 1st quarter. Bank of New York Mellon Corp now owns 222,695 shares of the company’s stock valued at $3,893,000 after buying an additional 3,491 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Columbia Financial by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 84,717 shares of the company’s stock valued at $1,480,000 after buying an additional 9,616 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Columbia Financial by 10.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 219,388 shares of the company’s stock valued at $3,777,000 after buying an additional 21,043 shares in the last quarter. Institutional investors own 16.64% of the company’s stock.

About Columbia Financial (NASDAQ:CLBK)

Columbia Financial, Inc is a holding company, which engages in the provision of traditional banking and other financial services. It offers personal and business banking, wealth management, and other banking services such as online banking, bills payment, and mobile check deposit. The company was founded in March 1997 and is headquartered in Fair Lawn, NJ.

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