Columbia Financial, Inc. (NASDAQ:CLBK – Get Free Report) shares gapped down prior to trading on Wednesday after Piper Sandler lowered their price target on the stock from $19.00 to $17.00. The stock had previously closed at $16.60, but opened at $15.23. Piper Sandler currently has a neutral rating on the stock. Columbia Financial shares last traded at $15.03, with a volume of 10,749 shares trading hands.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Columbia Financial by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,066 shares of the company’s stock worth $32,452,000 after acquiring an additional 56,155 shares during the period. Bank of New York Mellon Corp grew its holdings in Columbia Financial by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 143,786 shares of the company’s stock valued at $2,259,000 after buying an additional 958 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 8,216 shares in the last quarter. Finally, Quest Partners LLC bought a new position in Columbia Financial during the 4th quarter worth $234,000. 12.72% of the stock is owned by institutional investors.
Columbia Financial Stock Down 11.3 %
The stock has a fifty day moving average price of $16.48 and a two-hundred day moving average price of $17.31. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 42.09 and a beta of 0.21. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.47.
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.
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