State Street Corp Sells 21,158 Shares of Columbia Financial, Inc. (NASDAQ:CLBK)

State Street Corp trimmed its holdings in Columbia Financial, Inc. (NASDAQ:CLBK) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 884,058 shares of the company’s stock after selling 21,158 shares during the period. State Street Corp owned 0.84% of Columbia Financial worth $15,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CLBK. Blue Trust Inc. bought a new stake in Columbia Financial during the third quarter valued at $33,000. Quest Partners LLC raised its holdings in 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 acquiring an additional 5,290 shares during the period. FMR LLC raised its position in shares of Columbia Financial by 214.8% in the third quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after buying an additional 4,604 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 last quarter. Finally, Marshall Wace LLP purchased a new position in Columbia Financial in the 2nd quarter worth $162,000. 12.72% of the stock is owned by institutional investors.

Columbia Financial Price Performance

CLBK stock opened at $15.97 on Wednesday. The firm’s 50-day moving average price is $17.55 and its two-hundred day moving average price is $16.77. Columbia Financial, Inc. has a 12-month low of $13.79 and a 12-month high of $20.46. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 106.47 and a beta of 0.19. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $124.87 million during the quarter, compared to the consensus estimate of $54.95 million. Columbia Financial had a return on equity of 2.09% and a net margin of 3.35%. As a group, equities analysts predict that Columbia Financial, Inc. will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Noel R. Holland sold 10,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total transaction of $170,600.00. Following the completion of the sale, the director now directly owns 30,501 shares of the company’s stock, valued at approximately $520,347.06. The trade was a 24.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.38% of the company’s stock.

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.