Columbia Financial (CLBK) to Distribute Quarterly Dividend of $0.05 on August 26th

Columbia Financial (NASDAQ:CLBK) announced a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 12th will be given a dividend of 0.05 per share on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, August 12th.

Columbia Financial Stock Performance

NASDAQ:CLBK opened at $10.81 on Friday. The company has a market cap of $2.47 billion, a P/E ratio of 32.23 and a beta of 0.25. The firm’s 50 day moving average is $19.04 and its two-hundred day moving average is $18.31. Columbia Financial has a fifty-two week low of $6.21 and a fifty-two week high of $11.74. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.06.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $73.75 million for the quarter, compared to analyst estimates of $71.15 million. Columbia Financial had a return on equity of 5.29% and a net margin of 11.19%. Analysts expect that Columbia Financial will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Columbia Financial

A number of institutional investors have recently made changes to their positions in the company. Marshall Wace LLP increased its stake in Columbia Financial by 297.5% during the second quarter. Marshall Wace LLP now owns 146,678 shares of the company’s stock valued at $2,128,000 after purchasing an additional 109,780 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Columbia Financial by 76.1% in the 2nd quarter. First Trust Advisors LP now owns 177,198 shares of the company’s stock valued at $2,571,000 after buying an additional 76,560 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Columbia Financial by 12.0% in the 1st quarter. Renaissance Technologies LLC now owns 676,066 shares of the company’s stock valued at $11,838,000 after buying an additional 72,334 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Columbia Financial by 61.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 179,083 shares of the company’s stock valued at $2,783,000 after buying an additional 68,162 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Columbia Financial by 109.7% during the 3rd quarter. Two Sigma Investments LP now owns 126,592 shares of the company’s stock valued at $1,900,000 after buying an additional 66,238 shares during the last quarter. 12.72% of the stock is currently owned by institutional investors.

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.