Norges Bank purchased a new position in shares of Columbia Financial, Inc. (NASDAQ:CLBK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 82,164 shares of the company's stock, valued at approximately $1,299,000. Norges Bank owned about 0.08% of Columbia Financial as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of CLBK. Blue Trust Inc. grew its stake in shares of Columbia Financial by 183.7% during the 4th quarter. Blue Trust Inc. now owns 5,541 shares of the company's stock worth $95,000 after acquiring an additional 3,588 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Columbia Financial during the fourth quarter valued at approximately $114,000. FMR LLC boosted its holdings in Columbia Financial by 214.8% in the 3rd quarter. FMR LLC now owns 6,747 shares of the company's stock valued at $115,000 after purchasing an additional 4,604 shares during the period. Strategic Advisors LLC bought a new position in shares of Columbia Financial in the fourth quarter worth $165,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Columbia Financial in the 4th quarter valued at about $208,000. 12.72% of the stock is owned by hedge funds and other institutional investors.
Columbia Financial Price Performance
Shares of Columbia Financial stock traded down $0.06 during trading on Thursday, hitting $13.22. 23,424 shares of the stock traded hands, compared to its average volume of 99,890. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -110.41 and a beta of 0.13. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32. Columbia Financial, Inc. has a 52 week low of $12.64 and a 52 week high of $19.28. The firm's fifty day moving average is $14.95 and its 200-day moving average is $16.12.
Columbia Financial (NASDAQ:CLBK - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Columbia Financial had a negative net margin of 2.39% and a positive return on equity of 2.20%. Research analysts expect that Columbia Financial, Inc. will post 0.43 EPS for the current fiscal year.
About Columbia Financial
(
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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