Columbia Financial (NASDAQ:CLBK) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Columbia Financial (NASDAQ:CLBK) announced its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, Zacks reports. Columbia Financial had a net margin of 3.35% and a return on equity of 2.09%.

Columbia Financial Price Performance

Shares of CLBK traded up $0.35 during midday trading on Tuesday, hitting $15.74. The company’s stock had a trading volume of 113,255 shares, compared to its average volume of 84,874. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32. Columbia Financial has a one year low of $13.79 and a one year high of $19.28. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 104.94 and a beta of 0.22. The company’s fifty day simple moving average is $16.59 and its two-hundred day simple moving average is $16.98.

Insider Buying and Selling

In related news, Director Noel R. Holland sold 10,000 shares of Columbia Financial stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total transaction of $170,600.00. Following the sale, the director now directly owns 30,501 shares of the company’s stock, valued at approximately $520,347.06. The trade was a 24.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.38% of the stock is owned by corporate insiders.

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.