Quadrant Capital Group LLC increases its equity position in Columbia Financial, Inc. (NASDAQ:CLBK)
Quadrant Capital Group LLC increased its position in shares of Columbia Financial, Inc. (NASDAQ:CLBK – Get Rating) by 134.4% in Q1, according to its latest 13F filing with the Securities & Exchange Commission. The company held 1,540 shares of the company after purchasing an additional 883 shares during the period. Quadrant Capital Group LLC’s holdings in Columbia Financial were worth $33,000 at the end of the most recent reporting period.
Several other institutional investors have also increased or reduced their stake in the company. Advisor Group Holdings Inc. increased its position in Columbia Financial by 30.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,093 shares of the company valued at $88,000 after purchasing an additional 950 shares during the period. Signaturefd LLC increased its position in Columbia Financial shares by 34.1% in the first quarter. Signaturefd LLC now owns 2,353 shares of the company worth $51,000 after purchasing an additional 598 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Columbia Financial in Q1 worth approximately $815,000. Beese Fulmer Investment Management Inc. increased its position in Columbia Financial shares by 34.0% in the first quarter. Beese Fulmer Investment Management Inc. now owns 15,768 shares of the company worth $339,000 after purchasing an additional 4,000 shares during the period. Finally, Summit Global Investments increased its position in Columbia Financial shares by 23.0% in the fourth quarter. Summit Global Investments now owns 24,600 shares of the company worth $513,000 after purchasing an additional 4,600 shares during the period. Hedge funds and other institutional investors own 15.20% of the company’s shares.
Columbia Financial Stock up 1.1%
Shares of Columbia Financial opened at $21.64 on Wednesday. The company has a debt ratio of 0.42, a current ratio of 0.84 and a quick ratio of 0.84. The company has a 50-day moving average of $21.42 and a 200-day moving average of $21.25. The company has a market capitalization of $2.43 billion, a price-earnings ratio of 25.46 and a beta of 0.30. Columbia Financial, Inc. has a 1-year low of $17.10 and a 1-year high of $22.86.
Columbia Financial (NASDAQ:CLBK – Get Rating) last released its quarterly results on Wednesday, July 27. The company reported earnings per share (EPS) of $0.23 for the quarter, hitting the consensus estimate of $0.23. The company posted revenue of $74.18 million in the quarter, compared to analyst estimates of $76.20 million. Columbia Financial had a net margin of 28.56% and a return on equity of 8.69%. As a group, sell-side analysts expect Columbia Financial, Inc. to post earnings per share of 0.87 for the current fiscal year.
Changes to analyst ratings
Several research companies have recently commented on CLBK. Compass Point moved Columbia Financial shares from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $23.00 to $20.00 in a Thursday research report April 28. They noted that the move was a review call. Piper Sandler cut Columbia Financial shares from an “overweight” rating to a “neutral” rating and set a target price of $24.00 for the company. in a research report on Thursday, July 28.
Columbia Financial Company Profile
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Columbia Financial, Inc., a bank holding company, provides business and consumer financial services in the United States. The company offers non-interest bearing demand deposits, such as individual and business checking accounts; remunerated current accounts including remunerated checking accounts and municipal accounts; and savings and club accounts, money market accounts and certificates of deposit.
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