Columbia Financial (NASDAQ:CLBK) had its price target reduced by Piper Sandler from $17.00 to $15.50 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the stock.

Several other analysts have also recently issued reports on the company. BidaskClub cut Columbia Financial from a sell rating to a strong sell rating in a research report on Thursday, June 4th. Zacks Investment Research lowered shares of Columbia Financial from a buy rating to a hold rating in a report on Monday, July 27th.

Shares of NASDAQ CLBK opened at $12.03 on Thursday. The stock has a market cap of $1.38 billion, a PE ratio of 26.73 and a beta of 0.40. Columbia Financial has a 1 year low of $12.00 and a 1 year high of $17.34. The firm has a fifty day moving average price of $13.27 and a 200-day moving average price of $14.62. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.05 and a quick ratio of 1.05.

Columbia Financial (NASDAQ:CLBK) last issued its earnings results on Wednesday, July 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $62.88 million during the quarter, compared to the consensus estimate of $60.10 million. Columbia Financial had a net margin of 15.61% and a return on equity of 5.22%. On average, research analysts expect that Columbia Financial will post 0.49 EPS for the current year.

In other news, Director Michael Jr. Massood acquired 3,170 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $13.81 per share, for a total transaction of $43,777.70. Following the completion of the transaction, the director now directly owns 1,600 shares in the company, valued at approximately $22,096. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CLBK. Norges Bank bought a new stake in shares of Columbia Financial during the 4th quarter worth approximately $7,611,000. Acadian Asset Management LLC boosted its stake in shares of Columbia Financial by 40.0% during the first quarter. Acadian Asset Management LLC now owns 527,942 shares of the company’s stock valued at $7,605,000 after purchasing an additional 150,932 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Columbia Financial by 149.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 237,593 shares of the company’s stock worth $4,025,000 after purchasing an additional 142,475 shares during the last quarter. Geode Capital Management LLC increased its stake in Columbia Financial by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 796,145 shares of the company’s stock worth $11,464,000 after buying an additional 55,572 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Columbia Financial by 23.1% during the 4th quarter. Bank of New York Mellon Corp now owns 259,201 shares of the company’s stock valued at $4,391,000 after buying an additional 48,683 shares in the last quarter. Hedge funds and other institutional investors own 17.80% 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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