Columbia Financial Inc (NASDAQ:CLBK) Short Interest Up 10.1% in July

Columbia Financial Inc (NASDAQ:CLBK) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,504,700 shares, an increase of 10.1% from the June 30th total of 1,366,900 shares. Based on an average daily volume of 212,100 shares, the days-to-cover ratio is currently 7.1 days. Approximately 2.9% of the company’s shares are short sold.

Separately, Compass Point cut Columbia Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $15.50 in a report on Wednesday, June 12th.

Shares of NASDAQ CLBK traded up $0.28 during mid-day trading on Friday, hitting $15.46. The company had a trading volume of 4,111 shares, compared to its average volume of 217,355. The company has a market capitalization of $1.76 billion, a PE ratio of 33.06 and a beta of 0.45. The firm has a 50-day simple moving average of $15.33 and a two-hundred day simple moving average of $15.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.10. Columbia Financial has a one year low of $14.01 and a one year high of $17.00.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $47.62 million during the quarter. Columbia Financial had a net margin of 19.53% and a return on equity of 5.35%.

In related news, Director Henry Kuiken acquired 6,742 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average price of $14.78 per share, for a total transaction of $99,646.76. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas J. Kemly acquired 2,500 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $14.59 per share, with a total value of $36,475.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,242 shares of company stock worth $150,772. 0.74% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of CLBK. Bank of Montreal Can grew its holdings in Columbia Financial by 971.5% during the second quarter. Bank of Montreal Can now owns 4,404 shares of the company’s stock worth $67,000 after purchasing an additional 3,993 shares during the period. SG Americas Securities LLC bought a new position in Columbia Financial during the first quarter worth about $130,000. BNP Paribas Arbitrage SA grew its holdings in Columbia Financial by 287.8% during the first quarter. BNP Paribas Arbitrage SA now owns 11,278 shares of the company’s stock worth $177,000 after purchasing an additional 8,370 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Columbia Financial during the second quarter worth about $185,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in Columbia Financial during the second quarter worth about $220,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

About Columbia Financial

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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