Columbia Financial, Inc. (NASDAQ:CLBK) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC lessened its stake in Columbia Financial, Inc. (NASDAQ:CLBK) by 15.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 421,666 shares of the company’s stock after selling 76,442 shares during the period. Acadian Asset Management LLC’s holdings in Columbia Financial were worth $4,680,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can acquired a new stake in Columbia Financial in the 2nd quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Columbia Financial by 35.8% in the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Columbia Financial by 46.2% in the 3rd 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 last quarter. BNP Paribas Arbitrage SA boosted its position in Columbia Financial by 270.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,546 shares of the company’s stock valued at $128,000 after buying an additional 8,432 shares during the period. Finally, ARGI Investment Services LLC purchased a new position in Columbia Financial in the 3rd quarter valued at approximately $139,000. Hedge funds and other institutional investors own 17.04% of the company’s stock.

Several equities analysts have commented on CLBK shares. Zacks Investment Research raised shares of Columbia Financial from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Monday, November 2nd. BidaskClub raised shares of Columbia Financial from a “hold” rating to a “buy” rating in a research report on Monday, October 26th. Finally, Piper Sandler cut shares of Columbia Financial from an “overweight” rating to a “neutral” rating and set a $13.50 price target for the company. in a research report on Friday, October 30th.

Shares of CLBK stock opened at $14.49 on Friday. The stock has a market capitalization of $1.63 billion, a PE ratio of 31.50 and a beta of 0.14. The firm has a 50 day moving average of $12.83 and a two-hundred day moving average of $12.64. Columbia Financial, Inc. has a 52 week low of $10.27 and a 52 week high of $17.34. 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 (NASDAQ:CLBK) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Columbia Financial had a net margin of 15.57% and a return on equity of 5.49%. Analysts expect that Columbia Financial, Inc. will post 0.53 EPS for the current fiscal year.

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: Bond

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

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