Columbia Financial (NASDAQ:CLBK) Releases Earnings Results

Columbia Financial (NASDAQ:CLBK) issued its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01, FiscalAI reports. Columbia Financial had a return on equity of 5.25% and a net margin of 11.19%.

Columbia Financial Stock Up 0.6%

NASDAQ CLBK traded up $0.06 on Thursday, hitting $10.73. 1,761,788 shares of the stock were exchanged, compared to its average volume of 2,523,737. Columbia Financial has a fifty-two week low of $6.56 and a fifty-two week high of $12.00. The company has a 50-day moving average price of $11.25 and a 200-day moving average price of $16.09. The company has a market cap of $2.89 billion, a PE ratio of 31.99 and a beta of 0.26. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.02.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Columbia Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings downgraded shares of Columbia Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Capital One Financial set a $14.00 target price on shares of Columbia Financial in a research note on Monday, August 17th. Keefe, Bruyette & Woods started coverage on Columbia Financial in a report on Monday, August 17th. They set an “outperform” rating and a $14.50 target price on the stock. Finally, Piper Sandler upgraded Columbia Financial from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $19.00 to $14.00 in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.10.

Columbia Financial Company Profile

Columbia Financial, Inc is the holding company for Columbia Bank, a community-focused financial institution headquartered in Fair Lawn, New Jersey. Columbia Bank provides banking and financial services to consumers, businesses and organizations through a network of branches and digital banking channels.

The bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, consumer loans and commercial real estate and business lending.