Columbia Financial (NASDAQ:CLBK) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Columbia Financial (NASDAQ:CLBK) announced its earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.04, MarketWatch Earnings reports. Columbia Financial had a return on equity of 5.22% and a net margin of 15.61%. The business had revenue of $62.88 million during the quarter, compared to analysts’ expectations of $60.10 million.
Shares of NASDAQ CLBK opened at $12.03 on Friday. Columbia Financial has a 12 month low of $12.00 and a 12 month high of $17.34. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 27.22 and a beta of 0.40. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.43. The business has a fifty day simple moving average of $13.27 and a 200-day simple moving average of $14.62.
In related news, Director Michael Jr. Massood bought 3,170 shares of Columbia Financial stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $13.81 per share, with a total value of $43,777.70. Following the completion of the acquisition, the director now directly owns 1,600 shares in the company, valued at approximately $22,096. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% 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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