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

Geode Capital Management LLC reduced its holdings in shares of Columbia Financial, Inc. (NASDAQ:CLBK) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 725,901 shares of the company’s stock after selling 19,644 shares during the quarter. Geode Capital Management LLC’s holdings in Columbia Financial were worth $12,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CLBK. Blue Trust Inc. acquired a new position in Columbia Financial in the 3rd quarter valued at about $33,000. Quest Partners LLC boosted its holdings in shares of 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 acquiring an additional 5,290 shares during the period. FMR LLC grew 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 valued at $115,000 after purchasing an additional 4,604 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of 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 during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Columbia Financial during the second quarter worth approximately $162,000. 12.72% of the stock is owned by institutional investors and hedge funds.

Columbia Financial Stock Performance

CLBK opened at $15.81 on Wednesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day simple moving average of $17.40 and a 200 day simple moving average of $16.84. Columbia Financial, Inc. has a 1 year low of $13.79 and a 1 year high of $20.46. The company has a market capitalization of $1.66 billion, a PE ratio of 105.41 and a beta of 0.19.

Columbia Financial (NASDAQ:CLBK) last announced its 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. Columbia Financial had a net margin of 3.35% and a return on equity of 2.09%. The company had revenue of $124.87 million during the quarter, compared to analysts’ expectations of $54.95 million. Research analysts expect that Columbia Financial, Inc. will post 0.17 EPS for the current year.

Insiders Place Their Bets

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of Columbia Financial stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $17.06, for a total value of $170,600.00. Following the completion of the transaction, the director now directly owns 30,501 shares of the company’s stock, valued at $520,347.06. The trade was a 24.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.