Columbia Financial Inc (NASDAQ:CLBK) Given $18.00 Average Price Target by Analysts

Shares of Columbia Financial Inc (NASDAQ:CLBK) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Columbia Financial’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus price target of $18.00 for the company, according to Zacks. Zacks has also given Columbia Financial an industry rank of 226 out of 256 based on the ratings given to related companies.

Separately, Compass Point lowered Columbia Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $15.50 in a research report on Wednesday.

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in Columbia Financial by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 31,285 shares of the company’s stock valued at $490,000 after purchasing an additional 1,009 shares during the period. Neuberger Berman Group LLC boosted its position in Columbia Financial by 3.5% during the 1st quarter. Neuberger Berman Group LLC now owns 58,784 shares of the company’s stock worth $921,000 after acquiring an additional 2,000 shares during the period. Millennium Management LLC boosted its position in Columbia Financial by 13.9% during the 4th quarter. Millennium Management LLC now owns 16,600 shares of the company’s stock worth $254,000 after acquiring an additional 2,023 shares during the period. Swiss National Bank boosted its position in Columbia Financial by 3.0% during the 1st quarter. Swiss National Bank now owns 84,488 shares of the company’s stock worth $1,324,000 after acquiring an additional 2,500 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Columbia Financial during the 4th quarter worth $48,000. Institutional investors and hedge funds own 12.92% of the company’s stock.

NASDAQ:CLBK traded down $0.33 during midday trading on Friday, reaching $14.60. 8,032 shares of the company traded hands, compared to its average volume of 118,090. Columbia Financial has a twelve month low of $14.01 and a twelve month high of $17.45. The firm has a market capitalization of $1.73 billion, a P/E ratio of 30.15 and a beta of 0.53. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.07 and a quick ratio of 1.07.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Columbia Financial had a return on equity of 5.49% and a net margin of 9.93%. The business had revenue of $48.42 million during the quarter.

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.

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