Columbia Financial Inc (NASDAQ:CLBK) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,504,700 shares, an increase of 10.1% from the June 30th total of 1,366,900 shares. Based on an average trading volume of 212,100 shares, the days-to-cover ratio is presently 7.1 days. Approximately 2.9% of the shares of the company are short sold.

Shares of Columbia Financial stock traded up $0.04 on Thursday, hitting $15.18. The company’s stock had a trading volume of 154,244 shares, compared to its average volume of 150,578. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.10. Columbia Financial has a 1 year low of $14.01 and a 1 year high of $17.00. The firm’s fifty day moving average is $15.32. The firm has a market cap of $1.76 billion, a P/E ratio of 32.66 and a beta of 0.45.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The business had revenue of $47.62 million during the quarter. Columbia Financial had a net margin of 19.53% and a return on equity of 5.35%.

Separately, Compass Point cut Columbia Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $15.50 in a report on Wednesday, June 12th.

In related news, CEO Thomas J. Kemly acquired 2,500 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average price of $14.59 per share, with a total value of $36,475.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Henry Kuiken acquired 6,742 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $14.78 per share, with a total value of $99,646.76. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 10,242 shares of company stock valued at $150,772. 0.74% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of CLBK. Nuveen Asset Management LLC purchased a new position in shares of Columbia Financial during the 2nd quarter worth approximately $3,188,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Columbia Financial during the 2nd quarter worth approximately $6,392,000. UBS Asset Management Americas Inc. increased its stake in shares of Columbia Financial by 97.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,400 shares of the company’s stock worth $444,000 after purchasing an additional 14,500 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Columbia Financial during the 2nd quarter worth approximately $185,000. Finally, Bank of America Corp DE increased its stake in shares of Columbia Financial by 169.7% during the 2nd quarter. Bank of America Corp DE now owns 65,688 shares of the company’s stock worth $992,000 after purchasing an additional 41,336 shares in the last quarter. Institutional investors and hedge funds own 12.98% of the company’s stock.

About Columbia Financial

Columbia Financial, Inc operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers in the United States. The company offers non-interest bearing demand deposits, such as individual checking and commercial checking accounts; interest-bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit.

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