Blue Trust Inc. Makes New Investment in Columbia Financial, Inc. (NASDAQ:CLBK)

Blue Trust Inc. purchased a new position in Columbia Financial, Inc. (NASDAQ:CLBK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,953 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Columbia Financial by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,765,900 shares of the company’s stock valued at $26,433,000 after purchasing an additional 46,813 shares during the period. Bank of New York Mellon Corp raised its position in shares of Columbia Financial by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,048 shares of the company’s stock valued at $2,082,000 after purchasing an additional 8,521 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Columbia Financial during the 2nd quarter valued at $1,659,000. American Century Companies Inc. raised its position in shares of Columbia Financial by 13.0% during the 2nd quarter. American Century Companies Inc. now owns 44,668 shares of the company’s stock valued at $669,000 after purchasing an additional 5,150 shares during the period. Finally, Creative Planning raised its position in shares of Columbia Financial by 58.9% during the 3rd quarter. Creative Planning now owns 27,715 shares of the company’s stock valued at $473,000 after purchasing an additional 10,270 shares during the period. 12.72% of the stock is currently owned by institutional investors.

Columbia Financial Stock Down 1.1 %

Shares of CLBK stock opened at $16.89 on Friday. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 112.60 and a beta of 0.18. Columbia Financial, Inc. has a one year low of $13.79 and a one year high of $20.46. The company’s fifty day moving average price is $17.08 and its 200-day moving average price is $16.25. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.02 and a quick ratio of 1.02.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $124.87 million for the quarter, compared to the consensus estimate of $54.95 million. Columbia Financial had a net margin of 3.35% and a return on equity of 2.11%. Sell-side analysts expect that Columbia Financial, Inc. will post 0.18 EPS 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.