Columbia Financial (NASDAQ:CLBK – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08, Zacks reports. The business had revenue of $73.75 million during the quarter, compared to analyst estimates of $71.15 million. Columbia Financial had a return on equity of 5.29% and a net margin of 11.19%.
Columbia Financial Price Performance
Shares of Columbia Financial stock opened at $10.81 on Friday. The company 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. The stock’s 50-day simple moving average is $19.04 and its 200-day simple moving average is $18.31. Columbia Financial has a 52 week low of $6.21 and a 52 week high of $11.74.
Columbia Financial Announces Dividend
The firm also recently disclosed 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. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 12th.
Institutional Trading of Columbia Financial
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Columbia Financial in a research note on Friday, June 5th. Wall Street Zen upgraded Columbia Financial from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.50.
View Our Latest Stock Report on Columbia Financial
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.
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