Columbia Financial (NASDAQ:CLBK) Issues Earnings Results, Beats Estimates By $0.04 EPS

Columbia Financial logo with Finance background

Columbia Financial (NASDAQ:CLBK - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.04, Zacks reports. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%.

Columbia Financial Stock Performance

Shares of NASDAQ CLBK traded down $0.10 during midday trading on Friday, hitting $14.82. 129,863 shares of the company's stock traded hands, compared to its average volume of 94,913. The firm has a fifty day moving average of $16.42 and a 200 day moving average of $16.96. Columbia Financial has a 1 year low of $13.79 and a 1 year high of $19.28. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -123.54 and a beta of 0.22.

Insider Buying and Selling

In other news, Director Noel R. Holland sold 10,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $17.06, for a total value of $170,600.00. Following the transaction, the director now owns 30,501 shares of the company's stock, valued at $520,347.06. This trade represents a 24.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.38% of the stock is currently owned by insiders.

About Columbia Financial

(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.

See Also

Earnings History for Columbia Financial (NASDAQ:CLBK)

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