Edgestream Partners L.P. Invests $1.66 Million in Columbia Financial, Inc. (NASDAQ:CLBK)

Edgestream Partners L.P. bought a new stake in shares of Columbia Financial, Inc. (NASDAQ:CLBK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,818 shares of the company’s stock, valued at approximately $1,659,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in Columbia Financial by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,765,900 shares of the company’s stock valued at $26,433,000 after acquiring an additional 46,813 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Columbia Financial by 13.0% in the 2nd quarter. American Century Companies Inc. now owns 44,668 shares of the company’s stock worth $669,000 after purchasing an additional 5,150 shares during the period. Quest Partners LLC boosted 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 purchasing an additional 5,290 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 valued at $160,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Columbia Financial by 6.5% during 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 during the period. Institutional investors own 12.72% of the company’s stock.

Columbia Financial Stock Performance

Shares of CLBK opened at $18.10 on Friday. The company has a 50-day simple moving average of $17.17 and a two-hundred day simple moving average of $16.16. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $1.90 billion, a PE ratio of 113.13 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.

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

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.