Columbia Financial (NASDAQ:CLBK) Sees Strong Trading Volume

Columbia Financial, Inc. (NASDAQ:CLBK) saw strong trading volume on Friday . 54,491 shares traded hands during trading, a decline of 35% from the previous session’s volume of 83,208 shares.The stock last traded at $17.95 and had previously closed at $18.10.

Columbia Financial Stock Down 2.0 %

The business has a 50 day moving average of $17.17 and a 200-day moving average of $16.16. The stock has a market cap of $1.86 billion, a PE ratio of 113.13 and a beta of 0.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.61.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $53.26 million during the quarter, compared to the consensus estimate of $51.80 million. Columbia Financial had a net margin of 4.11% and a return on equity of 2.42%. Equities research analysts predict that Columbia Financial, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Columbia Financial by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,765,900 shares of the company’s stock valued at $26,433,000 after purchasing an additional 46,813 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Columbia Financial by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 139,048 shares of the company’s stock worth $2,082,000 after purchasing an additional 8,521 shares during the period. Edgestream Partners L.P. bought a new position in Columbia Financial in the 2nd quarter valued at about $1,659,000. American Century Companies Inc. increased its stake in Columbia Financial by 13.0% during the 2nd quarter. American Century Companies Inc. now owns 44,668 shares of the company’s stock valued at $669,000 after buying an additional 5,150 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Columbia Financial by 101.0% during the 1st quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock worth $281,000 after buying an additional 8,216 shares in the last quarter. 12.72% of the stock is owned by institutional investors and hedge funds.

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.