Columbia Financial, Inc. (NASDAQ:CLBK) Short Interest Update

Columbia Financial, Inc. (NASDAQ:CLBK) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,030,000 shares, a decline of 8.6% from the January 15th total of 2,220,000 shares. Based on an average daily trading volume, of 94,000 shares, the short-interest ratio is presently 21.6 days. Approximately 7.6% of the shares of the company are short sold.

Insider Transactions at Columbia Financial

In other news, Director Noel R. Holland sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 30,501 shares in the company, valued at $520,347.06. The trade was a 24.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.38% of the company’s stock.

Hedge Funds Weigh In On Columbia Financial

Several institutional investors have recently bought and sold shares of CLBK. Norges Bank purchased a new position in Columbia Financial in the fourth quarter valued at approximately $1,299,000. Dimensional Fund Advisors LP raised its holdings in Columbia Financial by 3.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,897,424 shares of the company’s stock valued at $29,999,000 after acquiring an additional 66,583 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Columbia Financial by 192.0% in the fourth quarter. JPMorgan Chase & Co. now owns 93,330 shares of the company’s stock worth $1,476,000 after purchasing an additional 61,369 shares during the period. Delta Financial Group Inc. bought a new position in shares of Columbia Financial in the fourth quarter worth $578,000. Finally, Hsbc Holdings PLC bought a new position in Columbia Financial in the fourth quarter valued at $474,000. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Columbia Financial Price Performance

Shares of NASDAQ CLBK opened at $15.90 on Wednesday. Columbia Financial has a twelve month low of $13.79 and a twelve month high of $19.28. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32. The stock’s 50 day moving average price is $15.84 and its 200-day moving average price is $16.81. The company has a market capitalization of $1.67 billion, a PE ratio of -132.53 and a beta of 0.21.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%. On average, equities analysts anticipate that Columbia Financial will post 0.43 EPS for the current 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.