Columbia Financial (NASDAQ:CLBK) Price Target Cut to $17.00 by Analysts at Piper Sandler

Columbia Financial (NASDAQ:CLBK) had its price objective cut by Piper Sandler from $19.00 to $17.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a neutral rating on the stock.

Columbia Financial Stock Down 11.3 %

Shares of CLBK opened at $14.73 on Wednesday. Columbia Financial has a one year low of $14.11 and a one year high of $20.46. The company has a market cap of $1.55 billion, a P/E ratio of 42.09 and a beta of 0.21. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $16.48 and a two-hundred day simple moving average of $17.31.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Columbia Financial during the fourth quarter worth $234,000. BNP Paribas Financial Markets increased its holdings in shares of Columbia Financial by 101.0% during the first quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock worth $281,000 after buying an additional 8,216 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Columbia Financial by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 143,786 shares of the company’s stock worth $2,259,000 after buying an additional 958 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Columbia Financial by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after buying an additional 56,155 shares in the last quarter. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.