Columbia Financial (NASDAQ:CLBK) Shares Gap Up – Here’s What Happened

Columbia Financial, Inc. (NASDAQ:CLBK) shares gapped up prior to trading on Monday . The stock had previously closed at $15.83, but opened at $16.19. Columbia Financial shares last traded at $15.87, with a volume of 20,410 shares trading hands.

Columbia Financial Price Performance

The firm has a market capitalization of $1.64 billion, a PE ratio of -130.70 and a beta of 0.16. The stock has a 50-day moving average price of $15.63 and a 200 day moving average price of $16.70. 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 (NASDAQ:CLBK) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Columbia Financial, Inc. will post 0.43 EPS for the current fiscal year.

Insider Activity

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of Columbia Financial stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $17.06, for a total transaction of $170,600.00. Following the completion of the sale, the director now directly owns 30,501 shares of the company’s stock, valued at $520,347.06. The trade was a 24.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.38% of the company’s stock.

Institutional Investors Weigh In On Columbia Financial

Several hedge funds have recently made changes to their positions in CLBK. Norges Bank purchased a new position in shares of Columbia Financial during the 4th quarter worth approximately $1,299,000. Dimensional Fund Advisors LP lifted its position in Columbia Financial by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,897,424 shares of the company’s stock valued at $29,999,000 after buying an additional 66,583 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Columbia Financial by 192.0% during the 4th quarter. JPMorgan Chase & Co. now owns 93,330 shares of the company’s stock worth $1,476,000 after acquiring an additional 61,369 shares in the last quarter. Delta Financial Group Inc. purchased a new position in Columbia Financial in the fourth quarter valued at about $578,000. Finally, Hsbc Holdings PLC acquired a new stake in Columbia Financial during the fourth quarter valued at approximately $474,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

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.