Columbia Financial, Inc. (NASDAQ: CLBK) – Stock analysts at Piper Sandler raised their estimates for fiscal 2021 earnings for Columbia Financial in a research note released on Wednesday, April 28. Piper Sandler analyst Mr. Fitzgibbon now expects the company to post earnings per share of $ 0.82 for the year, up from their previous estimate of $ 0.59. Columbia Financial (NASDAQ: CLBK) last released its quarterly results on Wednesday, April 28. The company reported earnings per share (EPS) of $ 0.20 for the quarter, beating the Thomson Reuters consensus estimate of $ 0.17 by $ 0.03. Columbia Financial posted a return on equity of 5.49% and a net margin of 15.57%.
A number of other research companies have also recently published reports on the CLBK. Zacks investment research upgraded Columbia Financial from a “hold” rating to a “buy” rating and set a price target of $ 21.00 on the stock in a research report on Friday. TheStreet raised Columbia Financial from a “c-” rating to a “b-” rating in a research report on Monday, March 15.
NASDAQ: CLBK opened at $ 18.27 on Monday. The company has a debt ratio of 1.00, a quick ratio of 0.98, and a current ratio of 0.98. The stock’s 50-day simple moving average is $ 17.90 and its 200-day simple moving average is $ 15.78. The company has a market cap of $ 1.99 billion, a P / E ratio of 39.72 and a beta of 0.33. Columbia Financial has a 52 week low of $ 10.27 and a 52 week high of $ 18.81.
A number of hedge funds and other institutional investors have recently changed their positions in the company. The Manufacturers Life Insurance Company increased its position in Columbia Financial by 2.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 30,528 shares of the company valued at $ 475,000 after purchasing an additional 829 shares during the last quarter. Bank of New York Mellon Corp increased its holdings of Columbia Financial shares by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 219,204 shares of the company valued at $ 3,410,000 after acquiring an additional 1,097 shares during the period. Victory Capital Management Inc. increased its holdings of Columbia Financial shares by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 32,606 shares of the company valued at $ 507,000 after acquiring 1,501 additional shares during the period. Nisa Investment Advisors LLC purchased a new equity stake in Columbia Financial during the fourth quarter valued at approximately $ 37,000. Finally, UBS Asset Management Americas Inc. increased its holdings of Columbia Financial shares by 4.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 64,365 shares of the company valued at $ 1,002,000 after acquiring an additional 3,000 shares during the period. 17.73% of the shares are currently held by hedge funds and other institutional investors.
Columbia Financial Company Profile
Columbia Financial, Inc. operates as a bank holding company for Columbia Bank which provides financial services to businesses and consumers in the United States. The company offers unpaid sight deposits, such as individual and business checking accounts; interest-bearing current accounts comprising interest-bearing checking accounts and municipal accounts; and savings and club accounts, money market accounts and certificates of deposit.
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