Columbia Financial (NASDAQ:CLBK) had its price objective dropped by Piper Sandler from $17.00 to $15.50 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective would indicate a potential upside of 28.84% from the company’s current price.
A number of other analysts also recently issued reports on CLBK. Zacks Investment Research downgraded Columbia Financial from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. BidaskClub cut Columbia Financial from a “sell” rating to a “strong sell” rating in a report on Thursday, June 4th.
Shares of CLBK opened at $12.03 on Thursday. Columbia Financial has a 52-week low of $12.00 and a 52-week high of $17.34. The company has a market capitalization of $1.44 billion, a PE ratio of 27.22 and a beta of 0.40. The stock has a fifty day simple moving average of $13.27 and a two-hundred day simple moving average of $14.62. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.43.
Columbia Financial (NASDAQ:CLBK) last issued its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Columbia Financial had a return on equity of 5.22% and a net margin of 15.61%. The business had revenue of $62.88 million during the quarter, compared to the consensus estimate of $60.10 million. As a group, equities analysts anticipate that Columbia Financial will post 0.49 earnings per share for the current fiscal year.
In other Columbia Financial news, Director Michael Jr. Massood purchased 3,170 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $13.81 per share, for a total transaction of $43,777.70. Following the acquisition, the director now owns 1,600 shares in the company, valued at approximately $22,096. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in Columbia Financial by 3.0% during the 1st quarter. State Street Corp now owns 1,165,823 shares of the company’s stock valued at $16,788,000 after acquiring an additional 34,263 shares during the period. Geode Capital Management LLC boosted its holdings in Columbia Financial by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 796,145 shares of the company’s stock valued at $11,464,000 after acquiring an additional 55,572 shares during the period. Royal Bank of Canada boosted its holdings in Columbia Financial by 8.6% during the 1st quarter. Royal Bank of Canada now owns 546,681 shares of the company’s stock valued at $7,872,000 after acquiring an additional 43,298 shares during the period. Acadian Asset Management LLC boosted its holdings in Columbia Financial by 40.0% during the 1st quarter. Acadian Asset Management LLC now owns 527,942 shares of the company’s stock valued at $7,605,000 after acquiring an additional 150,932 shares during the period. Finally, Norges Bank purchased a new position in Columbia Financial during the 4th quarter valued at about $7,611,000. Institutional investors own 17.80% of the company’s stock.
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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