Strategic Advisors LLC reduced its position in shares of Columbia Financial Inc (NASDAQ:CLBK) by 45.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,085 shares of the company’s stock after selling 35,263 shares during the period. Strategic Advisors LLC’s holdings in Columbia Financial were worth $650,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Trust N.A. acquired a new position in shares of Columbia Financial in the second quarter valued at $221,000. Context BH Capital Management LP acquired a new position in shares of Columbia Financial in the first quarter valued at $814,000. CIBC Private Wealth Group LLC acquired a new position in shares of Columbia Financial in the first quarter valued at $831,000. Acadian Asset Management LLC increased its holdings in shares of Columbia Financial by 1,276.9% in the first quarter. Acadian Asset Management LLC now owns 84,309 shares of the company’s stock valued at $1,322,000 after purchasing an additional 78,186 shares during the last quarter. Finally, Seidman Lawrence B increased its holdings in shares of Columbia Financial by 10.7% in the first quarter. Seidman Lawrence B now owns 542,700 shares of the company’s stock valued at $8,504,000 after purchasing an additional 52,500 shares during the last quarter. 12.80% of the stock is owned by institutional investors and hedge funds.
Separately, Compass Point downgraded shares of Columbia Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $15.50 in a report on Wednesday, June 12th.
Shares of NASDAQ:CLBK traded down $0.07 on Friday, hitting $15.05. The company had a trading volume of 5,040 shares, compared to its average volume of 186,195. Columbia Financial Inc has a 1-year low of $14.01 and a 1-year high of $17.00. The company has a market cap of $1.75 billion, a PE ratio of 33.11 and a beta of 0.45. The stock’s 50 day moving average is $15.19. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.10.
Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Columbia Financial had a net margin of 19.53% and a return on equity of 5.35%. The company had revenue of $47.62 million during the quarter.
Columbia Financial Company 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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