Columbia Financial, Inc. (NASDAQ:CLBK) Short Interest Down 8.5% in March

Columbia Financial, Inc. (NASDAQ:CLBKGet Free Report) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 2,600,000 shares, a decrease of 8.5% from the February 29th total of 2,840,000 shares. Based on an average trading volume of 71,800 shares, the short-interest ratio is currently 36.2 days. Currently, 9.6% of the shares of the stock are short sold.

Institutional Trading of Columbia Financial

Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its stake in shares of Columbia Financial by 30.2% during the first quarter. Advisor Group Holdings Inc. now owns 4,093 shares of the company’s stock valued at $88,000 after acquiring an additional 950 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Columbia Financial by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 185,891 shares of the company’s stock valued at $3,999,000 after acquiring an additional 5,177 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Columbia Financial by 55.2% during the first quarter. MetLife Investment Management LLC now owns 21,506 shares of the company’s stock valued at $463,000 after acquiring an additional 7,646 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Columbia Financial during the first quarter valued at $224,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Columbia Financial by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 856,035 shares of the company’s stock valued at $18,414,000 after acquiring an additional 23,908 shares during the last quarter. Institutional investors and hedge funds own 12.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reaffirmed a “neutral” rating and set a $19.00 price target on shares of Columbia Financial in a report on Tuesday, March 26th.

Read Our Latest Stock Analysis on Columbia Financial

Columbia Financial Price Performance

Columbia Financial stock traded down $0.40 during mid-day trading on Tuesday, reaching $16.51. The company had a trading volume of 64,943 shares, compared to its average volume of 72,690. Columbia Financial has a fifty-two week low of $14.11 and a fifty-two week high of $20.46. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.47. The company has a market cap of $1.73 billion, a P/E ratio of 47.17 and a beta of 0.21. The business has a fifty day simple moving average of $17.00 and a 200 day simple moving average of $17.22.

Columbia Financial (NASDAQ:CLBKGet Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Columbia Financial had a net margin of 8.54% and a return on equity of 4.94%. The firm had revenue of $56.59 million for the quarter, compared to analyst estimates of $54.90 million. On average, equities research analysts predict that Columbia Financial will post 0.22 earnings per share for the current year.

Columbia Financial Company Profile

(Get Free Report)

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.

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