Columbia Financial (NASDAQ:CLBK – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $21.27 and last traded at $21.2780, with a volume of 189245 shares. The stock had previously closed at $21.03.
Analyst Upgrades and Downgrades
Several research analysts have commented on CLBK shares. Piper Sandler initiated coverage on shares of Columbia Financial in a research note on Monday, March 16th. They set a “neutral” rating and a $18.00 price objective for the company. Brean Capital lowered shares of Columbia Financial from a “strong-buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Thursday, March 12th. Wall Street Zen cut shares of Columbia Financial from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Columbia Financial in a report on Friday, June 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.50.
Read Our Latest Research Report on Columbia Financial
Columbia Financial Stock Performance
Columbia Financial (NASDAQ:CLBK – Get Free Report) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $67.14 million during the quarter, compared to analysts’ expectations of $70.10 million. Columbia Financial had a return on equity of 5.12% and a net margin of 10.91%. As a group, equities research analysts forecast that Columbia Financial will post 0.74 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Columbia Financial
A number of institutional investors and hedge funds have recently bought and sold shares of CLBK. Russell Investments Group Ltd. increased its stake in shares of Columbia Financial by 2,322.2% during the third quarter. Russell Investments Group Ltd. now owns 2,616 shares of the company’s stock valued at $39,000 after buying an additional 2,508 shares during the period. Virtus Advisers LLC purchased a new stake in Columbia Financial in the third quarter worth about $120,000. Campbell & CO Investment Adviser LLC bought a new position in Columbia Financial during the 4th quarter worth about $168,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Columbia Financial by 73.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,122 shares of the company’s stock valued at $188,000 after purchasing an additional 5,119 shares during the period. Finally, Intech Investment Management LLC increased its position in Columbia Financial by 7.9% during the 3rd quarter. Intech Investment Management LLC now owns 12,806 shares of the company’s stock valued at $192,000 after purchasing an additional 939 shares during the period. 12.72% of the stock is owned by institutional investors.
About Columbia Financial
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.
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