Edgestream Partners L.P. Makes New $1.66 Million Investment in Columbia Financial, Inc. (NASDAQ:CLBK)

Edgestream Partners L.P. acquired a new position in Columbia Financial, Inc. (NASDAQ:CLBK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 110,818 shares of the company’s stock, valued at approximately $1,659,000. Edgestream Partners L.P. owned about 0.11% of Columbia Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Columbia Financial by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after purchasing an additional 56,155 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Columbia Financial in the 4th quarter valued at about $234,000. BNP Paribas Financial Markets boosted its holdings in Columbia Financial by 101.0% during the 1st quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock valued at $281,000 after acquiring an additional 8,216 shares during the period. SG Americas Securities LLC bought a new position in Columbia Financial during the 2nd quarter worth approximately $126,000. Finally, Bank of New York Mellon Corp increased its stake in Columbia Financial by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,048 shares of the company’s stock worth $2,082,000 after purchasing an additional 8,521 shares during the period. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Columbia Financial Stock Performance

Shares of CLBK stock opened at $18.10 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.02 and a current ratio of 1.02. Columbia Financial, Inc. has a fifty-two week low of $13.79 and a fifty-two week high of $20.46. The company has a market capitalization of $1.90 billion, a P/E ratio of 113.13 and a beta of 0.18. The stock has a 50 day moving average price of $17.17 and a two-hundred day moving average price of $16.16.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $53.26 million during the quarter, compared to analyst estimates of $51.80 million. Columbia Financial had a net margin of 4.11% and a return on equity of 2.42%. Analysts expect that Columbia Financial, Inc. will post 0.17 earnings per share for the current year.

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.