Columbia Financial (NASDAQ:CLBK) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Columbia Financial (NASDAQ:CLBK) posted its earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. Columbia Financial had a net margin of 3.35% and a return on equity of 2.09%.

Columbia Financial Price Performance

Shares of Columbia Financial stock traded up $0.35 during trading on Tuesday, hitting $15.74. The stock had a trading volume of 113,255 shares, compared to its average volume of 84,874. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 104.94 and a beta of 0.22. Columbia Financial has a 12 month low of $13.79 and a 12 month high of $19.28. The business’s 50-day moving average is $16.59 and its 200 day moving average is $16.98. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Insider Buying and Selling

In other news, Director Noel R. Holland sold 10,000 shares of Columbia Financial stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total transaction of $170,600.00. Following the completion of the sale, the director now directly owns 30,501 shares of the company’s stock, valued at approximately $520,347.06. The trade was a 24.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.38% of the stock is owned by company insiders.

Columbia Financial Company Profile

Columbia Financial, Inc, a bank holding company, provides various financial services to businesses and consumers in the United States. Its deposit products include checking, interest-earning checking products and municipal, savings and club deposits, and money market accounts, as well as certificates of deposit.