State Street Corp Lowers Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

State Street Corp reduced its stake in Columbia Financial, Inc. (NASDAQ:CLBK) by 2.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 884,058 shares of the company’s stock after selling 21,158 shares during the period. State Street Corp’s holdings in Columbia Financial were worth $15,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Columbia Financial by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,765,900 shares of the company’s stock worth $26,433,000 after purchasing an additional 46,813 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Columbia Financial by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 139,048 shares of the company’s stock valued at $2,082,000 after purchasing an additional 8,521 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Columbia Financial during the 2nd quarter worth $1,659,000. American Century Companies Inc. raised its position in Columbia Financial by 13.0% in the second quarter. American Century Companies Inc. now owns 44,668 shares of the company’s stock worth $669,000 after acquiring an additional 5,150 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of Columbia Financial by 58.9% in the third quarter. Creative Planning now owns 27,715 shares of the company’s stock valued at $473,000 after purchasing an additional 10,270 shares during the period. 12.72% of the stock is currently owned by hedge funds and other institutional investors.

Columbia Financial Price Performance

CLBK stock opened at $15.97 on Wednesday. The firm has a market cap of $1.67 billion, a P/E ratio of 106.47 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 moving average price is $17.55 and its 200 day moving average price is $16.77. Columbia Financial, Inc. has a 1 year low of $13.79 and a 1 year high of $20.46.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The firm 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%. On average, sell-side analysts expect that Columbia Financial, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Noel R. Holland sold 10,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was 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 $520,347.06. This represents a 24.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.38% of the stock is owned by company 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.