Renaissance Technologies LLC Lowers Stake in Columbia Financial, Inc. (NASDAQ:CLBK)

Renaissance Technologies LLC reduced its position in Columbia Financial, Inc. (NASDAQ:CLBK) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,332 shares of the company’s stock after selling 15,900 shares during the period. Renaissance Technologies LLC owned approximately 0.64% of Columbia Financial worth $10,095,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CLBK. Dimensional Fund Advisors LP lifted its position in Columbia Financial by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock valued at $32,452,000 after buying an additional 56,155 shares in the last quarter. Quest Partners LLC acquired a new stake in Columbia Financial during the 4th quarter valued at $234,000. BNP Paribas Financial Markets increased its stake in Columbia Financial by 101.0% during the 1st 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 during the period. Bank of New York Mellon Corp lifted its holdings 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 buying an additional 8,521 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Columbia Financial during the second quarter valued at about $126,000. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Columbia Financial Trading Down 1.0 %

NASDAQ:CLBK opened at $17.24 on Tuesday. Columbia Financial, Inc. has a one year low of $13.79 and a one year high of $20.46. The business’s 50-day simple moving average is $17.23 and its 200 day simple moving average is $16.17. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 107.75 and a beta of 0.18.

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

About Columbia Financial

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.