Columbia Financial (NASDAQ:CLBK) PT Lowered to $17.00 at Piper Sandler

Columbia Financial (NASDAQ:CLBK) had its price target trimmed by Piper Sandler from $19.00 to $17.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Columbia Financial Trading Up 4.0 %

NASDAQ:CLBK opened at $15.73 on Wednesday. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 98.32 and a beta of 0.21. Columbia Financial has a one year low of $14.20 and a one year high of $20.46. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $17.29.

Institutional Trading of Columbia Financial

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC acquired a new stake in Columbia Financial in the fourth quarter valued at $234,000. BNP Paribas Financial Markets raised its stake in shares of Columbia Financial by 101.0% in the 1st quarter. BNP Paribas Financial Markets now owns 16,350 shares of the company’s stock valued at $281,000 after purchasing an additional 8,216 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Columbia Financial by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 143,786 shares of the company’s stock worth $2,259,000 after purchasing an additional 958 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Columbia Financial by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after purchasing an additional 56,155 shares in the last quarter. Institutional investors and hedge funds own 12.72% of the company’s stock.

About Columbia Financial

Columbia Financial, Inc, a bank holding company, provides various financial services to businesses and consumers in the United States. Its deposit products include checking, interest-earning checking products and municipal, savings and club deposits, and money market accounts, as well as certificates of deposit.