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 completion of the sale, the director now owns 30,501 shares in the company, valued at approximately $520,347.06. The trade was a 24.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Columbia Financial Price Performance

Shares of NASDAQ CLBK opened at $16.93 on Friday. 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 market cap of $1.77 billion, a price-to-earnings ratio of 112.87 and a beta of 0.19. The stock’s 50-day moving average is $17.58 and its two-hundred day moving average is $16.66. Columbia Financial, Inc. has a 1-year low of $13.79 and a 1-year high of $20.46.

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

Institutional Investors Weigh In On Columbia Financial

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. purchased a new stake in shares of Columbia Financial during the 3rd quarter worth $33,000. Quest Partners LLC lifted its holdings in Columbia Financial by 6,151.2% during the 2nd quarter. Quest Partners LLC now owns 5,376 shares of the company’s stock worth $80,000 after buying an additional 5,290 shares during the last quarter. FMR LLC boosted its position in shares of Columbia Financial by 214.8% during the 3rd 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. SG Americas Securities LLC purchased a new position in shares of Columbia Financial in the 2nd quarter valued at about $126,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Columbia Financial by 20.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,699 shares of the company’s stock worth $160,000 after acquiring an additional 1,848 shares in the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

Columbia Financial Company Profile

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.