Acadian Asset Management LLC Lowers Holdings in Columbia Financial, Inc. (NASDAQ:CLBK)

Acadian Asset Management LLC decreased its position in Columbia Financial, Inc. (NASDAQ:CLBK) by 15.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 421,666 shares of the company’s stock after selling 76,442 shares during the period. Acadian Asset Management LLC’s holdings in Columbia Financial were worth $4,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CLBK. Bank of Montreal Can purchased a new stake in shares of Columbia Financial in the second quarter valued at approximately $50,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Columbia Financial by 35.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,005 shares of the company’s stock valued at $84,000 after purchasing an additional 1,584 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Columbia Financial by 46.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,779 shares of the company’s stock valued at $97,000 after purchasing an additional 2,774 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Columbia Financial by 270.8% in the third quarter. BNP Paribas Arbitrage SA now owns 11,546 shares of the company’s stock valued at $128,000 after purchasing an additional 8,432 shares during the period. Finally, ARGI Investment Services LLC purchased a new stake in shares of Columbia Financial in the third quarter valued at approximately $139,000. Hedge funds and other institutional investors own 17.04% of the company’s stock.

A number of analysts recently issued reports on the company. Piper Sandler lowered Columbia Financial from an “overweight” rating to a “neutral” rating and set a $13.50 price target for the company. in a report on Friday, October 30th. BidaskClub upgraded Columbia Financial from a “hold” rating to a “buy” rating in a report on Monday, October 26th. Finally, Zacks Investment Research upgraded Columbia Financial from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, November 2nd.

Columbia Financial stock opened at $14.49 on Friday. The business has a fifty day moving average of $12.83 and a two-hundred day moving average of $12.64. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.00. The firm has a market cap of $1.63 billion, a P/E ratio of 31.50 and a beta of 0.14. Columbia Financial, Inc. has a twelve month low of $10.27 and a twelve month high of $17.34.

Columbia Financial (NASDAQ:CLBK) last posted its earnings results on Thursday, October 29th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Columbia Financial had a return on equity of 5.49% and a net margin of 15.57%. Equities analysts expect that Columbia Financial, Inc. will post 0.53 earnings per share for the current year.

About Columbia Financial

Columbia Financial, Inc operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers 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 earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Columbia Financial (NASDAQ:CLBK)

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