Columbia Financial (NASDAQ:CLBK) Shares Gap Up – Still a Buy?

Columbia Financial, Inc. (NASDAQ:CLBK)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $15.83, but opened at $16.19. Columbia Financial shares last traded at $15.87, with a volume of 20,410 shares traded.

Columbia Financial Trading Down 0.9 %

The firm has a market capitalization of $1.64 billion, a P/E ratio of -130.70 and a beta of 0.16. The business’s 50 day moving average is $15.63 and its two-hundred day moving average is $16.70. 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 (NASDAQ:CLBK) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.07 by $0.04. Columbia Financial had a negative net margin of 2.39% and a positive return on equity of 2.20%. Analysts expect that Columbia Financial, Inc. will post 0.43 EPS for the current year.

Insider Activity

In other news, Director Noel R. Holland sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $17.06, for a total value of $170,600.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.38% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLBK. Delta Financial Group Inc. bought a new stake in shares of Columbia Financial during the fourth quarter worth $578,000. Barclays PLC lifted its stake in Columbia Financial by 132.1% in the third quarter. Barclays PLC now owns 49,452 shares of the company’s stock valued at $844,000 after buying an additional 28,147 shares during the period. Roxbury Financial LLC acquired a new position in shares of Columbia Financial during the 4th quarter worth about $332,000. FMR LLC increased its stake in shares of Columbia Financial by 214.8% in the 3rd quarter. FMR LLC now owns 6,747 shares of the company’s stock valued at $115,000 after acquiring an additional 4,604 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Columbia Financial by 43.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,961 shares of the company’s stock valued at $546,000 after acquiring an additional 9,663 shares during the period. Institutional investors and hedge funds own 12.72% of the company’s stock.

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.