Columbia Financial (NASDAQ:CLBK) Releases Earnings Results, Meets Expectations

Columbia Financial (NASDAQ:CLBK) released its quarterly earnings data on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06, Zacks reports. The firm had revenue of $124.87 million during the quarter, compared to analysts’ expectations of $54.95 million. Columbia Financial had a net margin of 4.11% and a return on equity of 2.42%.

Columbia Financial Trading Down 1.6 %

Shares of NASDAQ CLBK traded down $0.28 during midday trading on Friday, reaching $16.69. 69,478 shares of the stock were exchanged, compared to its average volume of 81,992. Columbia Financial has a twelve month low of $13.79 and a twelve month high of $20.46. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.75 billion, a P/E ratio of 104.31 and a beta of 0.18. The company has a 50 day simple moving average of $17.08 and a 200 day simple moving average of $16.22.

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.