Raymond James & Associates increased its holdings in shares of Columbia Financial Inc (NASDAQ:CLBK) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,749 shares of the company’s stock after purchasing an additional 8,700 shares during the period. Raymond James & Associates’ holdings in Columbia Financial were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Columbia Financial by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 204,074 shares of the company’s stock valued at $3,120,000 after buying an additional 21,199 shares in the last quarter. Roundview Capital LLC purchased a new position in Columbia Financial in the fourth quarter valued at $813,000. Ancora Advisors LLC increased its holdings in Columbia Financial by 27.7% in the fourth quarter. Ancora Advisors LLC now owns 594,945 shares of the company’s stock valued at $9,097,000 after buying an additional 129,135 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Columbia Financial in the fourth quarter valued at $48,000. Finally, Northern Trust Corp increased its holdings in Columbia Financial by 1.6% in the fourth quarter. Northern Trust Corp now owns 593,977 shares of the company’s stock valued at $9,082,000 after buying an additional 9,395 shares in the last quarter. 12.92% of the stock is owned by hedge funds and other institutional investors.
CLBK opened at $14.65 on Friday. Columbia Financial Inc has a fifty-two week low of $14.01 and a fifty-two week high of $17.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 30.42 and a beta of 0.53.
Separately, Compass Point cut shares of Columbia Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $15.50 in a report on Wednesday.
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Columbia Financial Profile
Columbia Financial, Inc operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers in the United States. The company offers non-interest bearing demand deposits, such as individual checking and commercial checking accounts; interest-bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit.
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