Columbia Financial (NASDAQ:CLBK) Shares Gap Up – Here’s What Happened

Shares of Columbia Financial, Inc. (NASDAQ:CLBK) gapped up prior to trading on Monday . The stock had previously closed at $15.83, but opened at $16.19. Columbia Financial shares last traded at $15.87, with a volume of 20,410 shares changing hands.

Columbia Financial Trading Down 2.1 %

The firm has a market cap of $1.57 billion, a PE ratio of -125.08 and a beta of 0.16. The business has a 50-day moving average price of $15.60 and a two-hundred day moving average price of $16.67. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.99 and a quick ratio of 0.99.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%. Analysts forecast that Columbia Financial, Inc. will post 0.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Noel R. Holland sold 10,000 shares of Columbia Financial stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $17.06, for a total transaction of $170,600.00. Following the completion of the sale, the director now owns 30,501 shares in the company, valued at approximately $520,347.06. This trade represents a 24.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.38% of the stock is currently owned by company insiders.

Institutional Trading of Columbia Financial

A number of hedge funds have recently added to or reduced their stakes in CLBK. FMR LLC boosted its stake in Columbia Financial by 214.8% in the 3rd quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after buying an additional 4,604 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Columbia Financial by 146.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock worth $270,000 after buying an additional 9,374 shares during the last quarter. Jane Street Group LLC boosted its stake in Columbia Financial by 36.9% in the 3rd quarter. Jane Street Group LLC now owns 45,630 shares of the company’s stock worth $779,000 after buying an additional 12,291 shares during the last quarter. Barclays PLC boosted its stake in Columbia Financial by 132.1% in the 3rd quarter. Barclays PLC now owns 49,452 shares of the company’s stock worth $844,000 after buying an additional 28,147 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Columbia Financial in the 3rd quarter worth about $300,000. 12.72% of the stock is owned by institutional investors and hedge funds.

About Columbia Financial

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.