Strategic Advisors LLC Sells 35,263 Shares of Columbia Financial Inc (NASDAQ:CLBK)

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.

In other Columbia Financial news, Director Henry Kuiken bought 6,742 shares of Columbia Financial stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $14.78 per share, with a total value of $99,646.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Thomas J. Kemly bought 2,500 shares of Columbia Financial stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $14.59 per share, with a total value of $36,475.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,242 shares of company stock valued at $150,772. 0.74% of the stock is currently owned by company insiders.

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.

Further Reading: What are the FAANG Stocks?

Want to see what other hedge funds are holding CLBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Columbia Financial Inc (NASDAQ:CLBK).

Institutional Ownership by Quarter for Columbia Financial (NASDAQ:CLBK)

Receive News & Ratings for Columbia Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbia Financial and related companies with MarketBeat.com's FREE daily email newsletter.