American International Group Inc. lowered its position in shares of Columbia Financial Inc (NASDAQ:CLBK) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,682 shares of the company’s stock after selling 1,026 shares during the quarter. American International Group Inc.’s holdings in Columbia Financial were worth $496,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CLBK. BlackRock Inc. raised its holdings in shares of Columbia Financial by 4.3% during the fourth quarter. BlackRock Inc. now owns 3,661,672 shares of the company’s stock valued at $55,986,000 after acquiring an additional 151,946 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Columbia Financial by 27.7% during the fourth quarter. Ancora Advisors LLC now owns 594,945 shares of the company’s stock valued at $9,097,000 after acquiring an additional 129,135 shares during the last quarter. Norges Bank acquired a new position in shares of Columbia Financial during the fourth quarter valued at approximately $1,926,000. First Trust Advisors LP acquired a new position in shares of Columbia Financial during the fourth quarter valued at approximately $1,866,000. Finally, Seidman Lawrence B raised its holdings in shares of Columbia Financial by 28.6% during the fourth quarter. Seidman Lawrence B now owns 490,200 shares of the company’s stock valued at $7,495,000 after acquiring an additional 108,975 shares during the last quarter. 12.92% of the stock is owned by institutional investors and hedge funds.
Shares of Columbia Financial stock opened at $14.51 on Friday. Columbia Financial Inc has a 12 month low of $14.01 and a 12 month high of $17.45. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 30.42 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.10.
Separately, Compass Point raised Columbia Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.00 to $18.00 in a report on Monday, April 29th.
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Columbia Financial Profile
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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