Insider Selling: Columbia Financial, Inc. (NASDAQ:CLBK) Director Sells 10,000 Shares of Stock

Columbia Financial, Inc. (NASDAQ:CLBK) Director Noel R. Holland sold 10,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total value of $170,600.00. Following the sale, the director now directly owns 30,501 shares in the company, valued at $520,347.06. This trade represents a 24.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Columbia Financial Trading Down 1.1 %

Shares of NASDAQ CLBK opened at $16.93 on Friday. Columbia Financial, Inc. has a 1-year low of $13.79 and a 1-year high of $20.46. The business has a fifty day moving average price of $17.58 and a 200 day moving average price of $16.68. The stock has a market capitalization of $1.77 billion, a P/E ratio of 112.87 and a beta of 0.19. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.99 and a quick ratio of 0.99.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Columbia Financial had a net margin of 3.35% and a return on equity of 2.09%. The business had revenue of $124.87 million during the quarter, compared to analyst estimates of $54.95 million. Equities research analysts expect that Columbia Financial, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Columbia Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. Bank of New York Mellon Corp increased its position in Columbia Financial by 6.5% during 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 buying an additional 8,521 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Columbia Financial in the second quarter valued at about $1,659,000. Barclays PLC boosted its holdings in Columbia Financial by 132.1% in the third quarter. Barclays PLC now owns 49,452 shares of the company’s stock worth $844,000 after acquiring an additional 28,147 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Columbia Financial by 36.9% during the third quarter. Jane Street Group LLC now owns 45,630 shares of the company’s stock worth $779,000 after acquiring an additional 12,291 shares during the last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

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.