Columbia Financial (NASDAQ:CLBK) Shares Gap Down – Time to Sell?

Columbia Financial, Inc. (NASDAQ:CLBK)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $15.74, but opened at $15.01. Columbia Financial shares last traded at $15.33, with a volume of 20,690 shares trading hands.

Columbia Financial Stock Performance

The company has a debt-to-equity ratio of 1.32, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $16.54 and a two-hundred day moving average price of $16.99. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 100.27 and a beta of 0.22.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Columbia Financial had a return on equity of 2.09% and a net margin of 3.35%. As a group, equities research analysts expect that Columbia Financial, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of the business’s 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 owns 30,501 shares of the company’s stock, valued at $520,347.06. The trade was a 24.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.38% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CLBK. SG Americas Securities LLC boosted its holdings in Columbia Financial by 9.7% during the fourth quarter. SG Americas Securities LLC now owns 15,106 shares of the company’s stock valued at $239,000 after purchasing an additional 1,341 shares in the last quarter. Blue Trust Inc. bought a new stake in Columbia Financial in the third quarter valued at $33,000. FMR LLC raised its stake in Columbia Financial by 214.8% during the third quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after acquiring an additional 4,604 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Columbia Financial by 13.0% during the second quarter. American Century Companies Inc. now owns 44,668 shares of the company’s stock valued at $669,000 after acquiring an additional 5,150 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Columbia Financial by 146.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock valued at $270,000 after purchasing an additional 9,374 shares in the last quarter. Institutional investors and hedge funds 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.