MetLife Investment Advisors LLC Reduces Holdings in Columbia Financial Inc (CLBK)
MetLife Investment Advisors LLC reduced its position in Columbia Financial Inc (NASDAQ:CLBK) by 35.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,912 shares of the company’s stock after selling 11,496 shares during the period. MetLife Investment Advisors LLC’s holdings in Columbia Financial were worth $320,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Hudson Capital Management LLC acquired a new position in Columbia Financial in the 4th quarter worth about $178,000. Vanguard Group Inc increased its holdings in shares of Columbia Financial by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 3,901,530 shares of the company’s stock valued at $65,155,000 after acquiring an additional 145,272 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Columbia Financial by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,901,530 shares of the company’s stock valued at $65,155,000 after acquiring an additional 145,272 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Columbia Financial by 2.2% during the 3rd quarter. BlackRock Inc. now owns 3,509,726 shares of the company’s stock valued at $58,612,000 after acquiring an additional 74,895 shares during the last quarter. Finally, Roundview Capital LLC acquired a new position in shares of Columbia Financial during the 4th quarter valued at about $813,000. 12.63% of the stock is currently owned by institutional investors.
Shares of NASDAQ CLBK opened at $15.55 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.22. Columbia Financial Inc has a 52 week low of $14.01 and a 52 week high of $17.73.
Separately, Compass Point set a $16.00 price objective on Columbia Financial and gave the company a “hold” rating in a report on Saturday, February 2nd.
In related news, CEO Thomas J. Kemly acquired 10,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of $16.05 per share, with a total value of $160,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Jr. Edward Thomas Allen acquired 6,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $16.04 per share, for a total transaction of $96,240.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 25,550 shares of company stock worth $409,338.
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About Columbia Financial
Columbia Financial, Inc operates as a bank holding company for Columbia Bank that provides banking products and services 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 checking accounts and municipal accounts; and savings accounts, money market accounts, and certificates of deposit.
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