Columbia Financial (NASDAQ:CLBK) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Columbia Financial (NASDAQ:CLBK – Free Report) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

CLBK has been the subject of several other reports. Brean Capital upgraded Columbia Financial from a “neutral” rating to a “buy” rating in a research note on Monday, August 17th. New Street Research set a $14.00 price target on Columbia Financial in a research note on Monday, August 17th. Weiss Ratings raised Columbia Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Keefe, Bruyette & Woods assumed coverage on Columbia Financial in a report on Monday, August 17th. They set an “outperform” rating and a $14.50 price target for the company. Finally, Capital One Financial set a $14.00 price objective on shares of Columbia Financial in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Columbia Financial currently has an average rating of “Buy” and a consensus target price of $15.10.

Check Out Our Latest Report on CLBK

Columbia Financial Stock Performance

NASDAQ CLBK opened at $10.89 on Friday. The firm has a market capitalization of $2.94 billion, a P/E ratio of 30.60 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average price is $11.31 and its two-hundred day moving average price is $16.15. Columbia Financial has a 1 year low of $6.56 and a 1 year high of $12.00.

Columbia Financial (NASDAQ:CLBK – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $73.75 million for the quarter. Columbia Financial had a net margin of 11.19% and a return on equity of 5.25%. As a group, research analysts anticipate that Columbia Financial will post 0.59 EPS for the current year.

Hedge Funds Weigh In On Columbia Financial

A number of hedge funds have recently added to or reduced their stakes in CLBK. BlackRock Inc. acquired a new stake in Columbia Financial during the second quarter worth about $51,902,000. Bank of New York Mellon Corp bought a new position in shares of Columbia Financial in the 2nd quarter valued at $2,338,000. PEAK6 LLC bought a new position in Columbia Financial in the second quarter valued at about $2,693,000. Bank of America Corp DE acquired a new stake in Columbia Financial during the 2nd quarter worth approximately $1,544,000. Finally, Renaissance Technologies LLC boosted its position in Columbia Financial by 12.0% during the 1st quarter. Renaissance Technologies LLC now owns 676,066 shares of the company’s stock worth $11,838,000 after buying an additional 72,334 shares during the period. Institutional investors own 12.72% of the company’s stock.

Columbia Financial Company Profile

(Get Free Report)

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.

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