Brean Capital Begins Coverage on Columbia Financial (NASDAQ:CLBK)

Analysts at Brean Capital started coverage on shares of Columbia Financial (NASDAQ:CLBK) in a report issued on Thursday. The brokerage set a “neutral” rating and a $19.00 price target on the stock. Brean Capital’s target price would suggest a potential upside of 9.01% from the company’s previous close.

A number of other equities research analysts also recently weighed in on CLBK. Piper Sandler boosted their price target on shares of Columbia Financial from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, November 24th. Weiss Ratings raised shares of Columbia Financial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Columbia Financial currently has an average rating of “Hold” and a consensus target price of $18.00.

Columbia Financial Trading Down 1.4%

CLBK stock traded down $0.24 during midday trading on Thursday, reaching $17.43. The stock had a trading volume of 348,995 shares, compared to its average volume of 243,837. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 34.18 and a beta of 0.21. Columbia Financial has a twelve month low of $12.64 and a twelve month high of $18.87. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $16.02.

Columbia Financial (NASDAQ:CLBK) last released its earnings results on Monday, February 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $68.78 million for the quarter, compared to the consensus estimate of $59.20 million. Columbia Financial had a net margin of 10.19% and a return on equity of 4.69%. As a group, research analysts expect that Columbia Financial will post 0.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Columbia Financial by 2,322.2% in the third quarter. Russell Investments Group Ltd. now owns 2,616 shares of the company’s stock valued at $39,000 after purchasing an additional 2,508 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Columbia Financial during the third quarter worth $63,000. Virtus Advisers LLC bought a new position in shares of Columbia Financial during the third quarter worth $120,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Columbia Financial in the 3rd quarter valued at $153,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Columbia Financial in the 4th quarter valued at $168,000. Institutional investors and hedge funds own 12.72% of the company’s stock.

Columbia Financial Company Profile

Columbia Financial, Inc is the bank holding company for Columbia Bank, a commercial bank headquartered in Fair Lawn, New Jersey. Through its principal subsidiary, Columbia Bank, the company offers a comprehensive suite of retail and commercial banking products and services. These offerings include deposit accounts, consumer and mortgage lending, commercial real estate financing, and business banking solutions tailored to small- and medium-sized enterprises.

On the consumer side, Columbia Bank provides checking and savings accounts, certificates of deposit, home equity lines of credit, and residential mortgage loans.