Columbia Financial, Inc. (NASDAQ:CLBK – Get Free Report)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $14.06 and last traded at $14.06, with a volume of 2194 shares traded. The stock had previously closed at $14.24.
Analysts Set New Price Targets
Separately, Piper Sandler cut their price target on shares of Columbia Financial from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st.
Read Our Latest Research Report on Columbia Financial
Columbia Financial Stock Down 1.3 %
Columbia Financial (NASDAQ:CLBK – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $49.65 million for the quarter, compared to the consensus estimate of $51.40 million. Columbia Financial had a net margin of 3.70% and a return on equity of 3.06%. On average, equities analysts forecast that Columbia Financial, Inc. will post 0.13 EPS for the current year.
Institutional Trading of Columbia Financial
A number of institutional investors have recently modified their holdings of CLBK. BNP Paribas Financial Markets lifted its holdings in Columbia Financial by 101.0% in 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 during the period. Quest Partners LLC bought a new position in Columbia Financial in the 4th quarter worth $234,000. Finally, Dimensional Fund Advisors LP raised its holdings in Columbia Financial by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after purchasing an additional 56,155 shares in the last quarter. 12.72% of the stock is currently owned by hedge funds and other institutional investors.
About Columbia Financial
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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