Columbia Financial (NASDAQ:CLBK) Shares Down 0.5% – Should You Sell?

Shares of Columbia Financial, Inc. (NASDAQ:CLBK) were down 0.5% during mid-day trading on Thursday . The stock traded as low as $18.12 and last traded at $18.20. Approximately 52,175 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 82,609 shares. The stock had previously closed at $18.30.

Columbia Financial Stock Down 0.5 %

The stock has a market cap of $1.91 billion, a PE ratio of 121.33 and a beta of 0.17. The business has a 50 day moving average price of $17.41 and a 200 day moving average price of $16.53. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $124.87 million during the quarter, compared to the consensus estimate of $54.95 million. Columbia Financial had a return on equity of 2.09% and a net margin of 3.35%. Equities research analysts expect that Columbia Financial, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Columbia Financial

A number of hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new position in shares of Columbia Financial in the third quarter worth about $33,000. Quest Partners LLC raised its holdings in Columbia Financial by 6,151.2% in the 2nd quarter. Quest Partners LLC now owns 5,376 shares of the company’s stock worth $80,000 after purchasing an additional 5,290 shares during the period. FMR LLC boosted its position in Columbia Financial by 214.8% during the third quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after purchasing an additional 4,604 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Columbia Financial in the second quarter valued at approximately $126,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Columbia Financial by 20.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,699 shares of the company’s stock valued at $160,000 after buying an additional 1,848 shares in the last quarter. 12.72% of the stock is owned by hedge funds and other institutional investors.

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.