Columbia Financial (NASDAQ:CLBK) Earns Neutral Rating from Analysts at Piper Sandler

Piper Sandler assumed coverage on shares of Columbia Financial (NASDAQ:CLBK) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued a neutral rating and a $18.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Brean Capital downgraded shares of Columbia Financial from a “strong-buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Thursday, March 12th. Weiss Ratings raised Columbia Financial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Columbia Financial presently has a consensus rating of “Hold” and a consensus target price of $18.50.

Columbia Financial Trading Down 1.5%

CLBK stock opened at $17.18 on Monday. Columbia Financial has a 52 week low of $12.64 and a 52 week high of $18.87. The company has a market capitalization of $1.79 billion, a PE ratio of 33.69 and a beta of 0.21. The company’s 50-day simple moving average is $17.29 and its 200 day simple moving average is $16.10. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 0.99.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $68.78 million during the quarter, compared to analysts’ expectations of $59.20 million. Columbia Financial had a net margin of 10.19% and a return on equity of 4.69%. As a group, sell-side analysts anticipate that Columbia Financial will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Columbia Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Columbia Financial by 2,322.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,616 shares of the company’s stock worth $39,000 after acquiring an additional 2,508 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Columbia Financial during the third quarter valued at approximately $63,000. Virtus Advisers LLC bought a new stake in Columbia Financial during the third quarter worth $120,000. Vanguard Personalized Indexing Management LLC bought a new stake in Columbia Financial during the third quarter worth $153,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Columbia Financial in the 4th quarter valued at $168,000. 12.72% of the stock is currently owned by institutional investors and hedge funds.

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.