Insider Buying: Columbia Financial Inc (CLBK) EVP Buys 1,000 Shares of Stock

Columbia Financial Inc (NASDAQ:CLBK) EVP Joseph Francis Dempsey, Jr. bought 1,000 shares of the stock in a transaction dated Thursday, February 7th. The stock was bought at an average price of $15.83 per share, with a total value of $15,830.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:CLBK opened at $15.77 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.99. Columbia Financial Inc has a 1-year low of $14.01 and a 1-year high of $17.73.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings results on Thursday, January 31st. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $49.78 million during the quarter. Columbia Financial had a net margin of 9.17% and a return on equity of 7.08%.



Large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Columbia Financial during the 2nd quarter worth $56,847,000. Bank of America Corp DE acquired a new stake in shares of Columbia Financial in the 2nd quarter worth $130,000. Northern Trust Corp acquired a new stake in shares of Columbia Financial in the 2nd quarter worth $8,936,000. Hudson Capital Management LLC acquired a new stake in shares of Columbia Financial in the 4th quarter worth $178,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Columbia Financial in the 3rd quarter worth $541,000. Hedge funds and other institutional investors own 11.76% of the company’s stock.

Several brokerages have recently issued reports on CLBK. Compass Point set a $16.00 target price on shares of Columbia Financial and gave the company a “hold” rating in a report on Saturday, February 2nd. Sandler O’Neill upgraded shares of Columbia Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th.

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About Columbia Financial

Columbia Financial, Inc operates as a bank holding company for Columbia Bank that provides banking products and services in the United States. The company offers non-interest bearing demand deposits, such as individual checking and commercial checking accounts; interest-bearing demand accounts comprising interest checking accounts and municipal accounts; and savings accounts, money market accounts, and certificates of deposit.

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Insider Buying and Selling by Quarter for Columbia Financial (NASDAQ:CLBK)

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