Tudor Investment Corp ET AL Invests $892,000 in Columbia Financial $CLBK

Tudor Investment Corp ET AL bought a new position in shares of Columbia Financial (NASDAQ:CLBK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59,416 shares of the company’s stock, valued at approximately $892,000.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Columbia Financial by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,384 shares of the company’s stock worth $246,000 after buying an additional 702 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Columbia Financial by 459.9% in the 1st quarter. Jane Street Group LLC now owns 65,178 shares of the company’s stock valued at $978,000 after acquiring an additional 53,537 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Columbia Financial by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 768,001 shares of the company’s stock valued at $11,146,000 after acquiring an additional 27,850 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Columbia Financial by 32.5% in the second quarter. JPMorgan Chase & Co. now owns 99,534 shares of the company’s stock worth $1,444,000 after acquiring an additional 24,390 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Columbia Financial by 6.2% during the second quarter. Legal & General Group Plc now owns 34,035 shares of the company’s stock worth $494,000 after purchasing an additional 1,992 shares during the last quarter. Hedge funds and other institutional investors own 12.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CLBK. Piper Sandler assumed coverage on shares of Columbia Financial in a research report on Monday, March 16th. They set a “neutral” rating and a $18.00 target price for the company. Brean Capital downgraded Columbia Financial from a “strong-buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Thursday, March 12th. Finally, Weiss Ratings upgraded Columbia Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Columbia Financial presently has a consensus rating of “Hold” and an average target price of $18.50.

Columbia Financial Trading Up 0.6%

Columbia Financial stock opened at $17.33 on Tuesday. The firm has a market cap of $1.80 billion, a PE ratio of 33.98 and a beta of 0.20. Columbia Financial has a 12 month low of $12.64 and a 12 month high of $18.87. The stock’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $16.24. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02.

Columbia Financial (NASDAQ:CLBK) last posted its earnings results on Monday, February 2nd. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. Columbia Financial had a net margin of 10.19% and a return on equity of 4.69%. The firm had revenue of $68.78 million during the quarter, compared to analyst estimates of $59.20 million. Analysts anticipate that Columbia Financial will post 0.43 earnings per share for the current year.

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.