Rhumbline Advisers Decreases Stock Position in Columbia Financial, Inc. (NASDAQ:CLBK)

Rhumbline Advisers trimmed its holdings in Columbia Financial, Inc. (NASDAQ:CLBK) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,915 shares of the company’s stock after selling 865 shares during the period. Rhumbline Advisers’ holdings in Columbia Financial were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CLBK. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Columbia Financial by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,699 shares of the company’s stock valued at $160,000 after purchasing an additional 1,848 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Columbia Financial by 6.5% during the 2nd 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 last quarter. SG Americas Securities LLC purchased a new stake in Columbia Financial in the 2nd quarter valued at approximately $126,000. BNP Paribas Financial Markets grew its holdings in Columbia Financial by 101.0% during the 1st quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock valued at $281,000 after buying an additional 8,216 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Columbia Financial by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after buying an additional 56,155 shares in the last quarter. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Financial Stock Performance

NASDAQ CLBK opened at $17.00 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.61. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 106.25 and a beta of 0.18. Columbia Financial, Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $20.46. The business has a fifty day moving average of $17.24 and a 200-day moving average of $16.17.

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

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.