Rhumbline Advisers Cuts Stake in Columbia Financial, Inc. (NASDAQ:CLBK)

Rhumbline Advisers decreased its position in Columbia Financial, Inc. (NASDAQ:CLBK) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,915 shares of the company’s stock after selling 865 shares during the period. Rhumbline Advisers’ holdings in Columbia Financial were worth $732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Columbia Financial by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock valued at $32,452,000 after purchasing an additional 56,155 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Columbia Financial by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 139,048 shares of the company’s stock valued at $2,082,000 after buying an additional 8,521 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Columbia Financial in the second quarter valued at approximately $126,000. BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 8,216 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Columbia Financial by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,699 shares of the company’s stock worth $160,000 after acquiring an additional 1,848 shares in the last quarter. 12.72% of the stock is currently owned by institutional investors and hedge funds.

Columbia Financial Price Performance

Columbia Financial stock opened at $17.00 on Wednesday. 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 one year low of $13.79 and a one year high of $20.46. The company has a market cap of $1.78 billion, a P/E ratio of 106.25 and a beta of 0.18. The business has a fifty day moving average of $17.24 and a two-hundred day moving average of $16.17.

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

Columbia Financial 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.