Noel R. Holland Sells 10,000 Shares of Columbia Financial, Inc. (NASDAQ:CLBK) Stock

Columbia Financial, Inc. (NASDAQ:CLBK) Director Noel R. Holland sold 10,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total value of $170,600.00. Following the completion of the transaction, the director now directly owns 30,501 shares in the company, valued at approximately $520,347.06. This trade represents a 24.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Columbia Financial Stock Down 1.1 %

Shares of CLBK opened at $16.93 on Friday. The company’s 50-day moving average price is $17.58 and its 200 day moving average price is $16.66. Columbia Financial, Inc. has a 12-month low of $13.79 and a 12-month high of $20.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32. The firm has a market cap of $1.77 billion, a P/E ratio of 112.87 and a beta of 0.19.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Columbia Financial had a net margin of 3.35% and a return on equity of 2.09%. The business had revenue of $124.87 million during the quarter, compared to analysts’ expectations of $54.95 million. On average, sell-side analysts forecast that Columbia Financial, Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of Columbia Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLBK. Wilmington Savings Fund Society FSB purchased a new position in shares of Columbia Financial during the third quarter worth $300,000. Barclays PLC lifted its stake in Columbia Financial by 132.1% during the 3rd quarter. Barclays PLC now owns 49,452 shares of the company’s stock worth $844,000 after acquiring an additional 28,147 shares in the last quarter. Jane Street Group LLC boosted its holdings in Columbia Financial by 36.9% during the 3rd quarter. Jane Street Group LLC now owns 45,630 shares of the company’s stock valued at $779,000 after acquiring an additional 12,291 shares during the period. BNP Paribas Financial Markets grew its position in Columbia Financial by 146.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock valued at $270,000 after acquiring an additional 9,374 shares in the last quarter. Finally, FMR LLC increased its stake in Columbia Financial by 214.8% during the third quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after purchasing an additional 4,604 shares during the period. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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.