Columbia Financial (NASDAQ:CLBK) PT Lowered to $17.00 at Piper Sandler

Columbia Financial (NASDAQ:CLBK) had its price target lowered by Piper Sandler from $19.00 to $17.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Columbia Financial Price Performance

NASDAQ CLBK opened at $15.73 on Wednesday. The company has a 50-day moving average price of $16.43 and a 200-day moving average price of $17.29. Columbia Financial has a 52 week low of $14.20 and a 52 week high of $20.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $1.65 billion, a P/E ratio of 98.31 and a beta of 0.21.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in shares of Columbia Financial in the 4th quarter worth $234,000. BNP Paribas Financial Markets increased its position in Columbia Financial by 101.0% in the first quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock worth $281,000 after buying an additional 8,216 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Columbia Financial by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 143,786 shares of the company’s stock worth $2,259,000 after buying an additional 958 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Columbia Financial by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock valued at $32,452,000 after buying an additional 56,155 shares in the last quarter. 12.72% of the stock is currently owned by 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.