Geode Capital Management LLC Sells 19,644 Shares of Columbia Financial, Inc. (NASDAQ:CLBK)

Geode Capital Management LLC trimmed its position in Columbia Financial, Inc. (NASDAQ:CLBK) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 725,901 shares of the company’s stock after selling 19,644 shares during the period. Geode Capital Management LLC owned approximately 0.69% of Columbia Financial worth $12,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position 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 worth $2,082,000 after purchasing an additional 8,521 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 valued at $160,000 after purchasing an additional 1,848 shares in the last quarter. Quest Partners LLC increased its stake in Columbia Financial by 6,151.2% in 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. American Century Companies Inc. boosted its stake 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 worth $669,000 after buying an additional 5,150 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $26,433,000 after buying an additional 46,813 shares during the last quarter. 12.72% of the stock is currently owned by institutional investors.

Columbia Financial Price Performance

NASDAQ:CLBK opened at $15.81 on Wednesday. Columbia Financial, Inc. has a 52-week low of $13.79 and a 52-week high of $20.46. The company has a market cap of $1.66 billion, a P/E ratio of 105.41 and a beta of 0.19. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 0.99. The stock’s 50-day simple moving average is $17.40 and its 200 day simple moving average is $16.84.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Columbia Financial had a return on equity of 2.09% and a net margin of 3.35%. The firm had revenue of $124.87 million for the quarter, compared to analyst estimates of $54.95 million. As a group, sell-side analysts forecast that Columbia Financial, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total value of $170,600.00. Following the completion of the sale, the director now owns 30,501 shares in the company, valued at $520,347.06. This trade represents a 24.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.38% of the stock is owned by corporate insiders.

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.