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.
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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