Columbia Financial (NASDAQ:CLBK) Shares Gap Down – What’s Next?

Columbia Financial, Inc. (NASDAQ:CLBK)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $15.74, but opened at $15.01. Columbia Financial shares last traded at $15.33, with a volume of 20,690 shares trading hands.

Columbia Financial Stock Performance

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32. The stock has a fifty day moving average of $16.54 and a 200-day moving average of $16.99. The stock has a market cap of $1.57 billion, a PE ratio of 100.27 and a beta of 0.22.

Columbia Financial (NASDAQ:CLBK) last issued 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 net margin of 3.35% and a return on equity of 2.09%. On average, equities analysts forecast that Columbia Financial, Inc. will post 0.17 EPS for the current year.

Insider Activity

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $17.06, for a total transaction of $170,600.00. Following the completion of the transaction, the director now directly owns 30,501 shares in the company, valued at approximately $520,347.06. This trade represents a 24.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.38% of the company’s stock.

Institutional Trading of Columbia Financial

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC grew its holdings in Columbia Financial by 9.7% during the 4th quarter. SG Americas Securities LLC now owns 15,106 shares of the company’s stock valued at $239,000 after buying an additional 1,341 shares during the last quarter. Blue Trust Inc. acquired a new stake in shares of Columbia Financial during the third quarter valued at $33,000. FMR LLC increased its position in Columbia Financial by 214.8% during the 3rd quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after purchasing an additional 4,604 shares in the last quarter. American Century Companies Inc. raised its stake in Columbia Financial by 13.0% in the 2nd quarter. American Century Companies Inc. now owns 44,668 shares of the company’s stock valued at $669,000 after purchasing an additional 5,150 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Columbia Financial by 146.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock valued at $270,000 after purchasing an additional 9,374 shares in the last quarter. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.