The Manufacturers Life Insurance Company Cuts Stock Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

The Manufacturers Life Insurance Company reduced its position in shares of Columbia Financial, Inc. (NASDAQ:CLBK) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,234 shares of the company’s stock after selling 1,579 shares during the period. The Manufacturers Life Insurance Company’s holdings in Columbia Financial were worth $258,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC raised its holdings in Columbia Financial by 6,151.2% during the second quarter. Quest Partners LLC now owns 5,376 shares of the company’s stock worth $80,000 after purchasing an additional 5,290 shares in the last quarter. SG Americas Securities LLC purchased a new position in Columbia Financial during the second quarter worth about $126,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Columbia Financial by 20.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,699 shares of the company’s stock worth $160,000 after purchasing an additional 1,848 shares in the last quarter. Marshall Wace LLP acquired a new position in Columbia Financial during the second quarter worth about $162,000. Finally, BNP Paribas Financial Markets grew its position in Columbia Financial by 101.0% during the first quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock worth $281,000 after buying an additional 8,216 shares during the period. 12.72% of the stock is owned by hedge funds and other institutional investors.

Columbia Financial Trading Down 1.2 %

Shares of CLBK opened at $17.41 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.61. The firm’s 50-day moving average is $17.05 and its two-hundred day moving average is $16.21. Columbia Financial, Inc. has a twelve month low of $13.79 and a twelve month high of $20.46. The firm has a market capitalization of $1.82 billion, a P/E ratio of 108.81 and a beta of 0.18.

Columbia Financial (NASDAQ:CLBK) last issued its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Columbia Financial had a net margin of 4.11% and a return on equity of 2.42%. The company had revenue of $53.26 million for the quarter, compared to analyst estimates of $51.80 million. On average, research analysts predict that Columbia Financial, Inc. will post 0.17 earnings per share 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.