Columbia Financial (NASDAQ:CLBK) Sees Large Volume Increase

Columbia Financial, Inc. (NASDAQ:CLBK) saw unusually-high trading volume on Friday . Approximately 54,491 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 83,208 shares.The stock last traded at $17.95 and had previously closed at $18.10.

Columbia Financial Trading Down 2.0 %

The stock’s 50 day moving average is $17.17 and its 200-day moving average is $16.16. The company has a market cap of $1.86 billion, a P/E ratio of 113.13 and a beta of 0.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.61.

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

Hedge Funds Weigh In On Columbia Financial

A number of institutional investors and hedge funds have recently modified their holdings of CLBK. Quest Partners LLC raised its stake in shares of Columbia Financial by 6,151.2% during the 2nd quarter. Quest Partners LLC now owns 5,376 shares of the company’s stock valued at $80,000 after buying an additional 5,290 shares during 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Columbia Financial by 20.9% during the 2nd 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 during the period. Marshall Wace LLP acquired a new position in Columbia Financial in the second quarter valued at approximately $162,000. Finally, BNP Paribas Financial Markets increased its position in shares of Columbia Financial by 101.0% during the first 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 last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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.