Columbia Financial (NASDAQ:CLBK) Reaches New 52-Week Low – Here’s What Happened

Columbia Financial, Inc. (NASDAQ:CLBK)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.63 and last traded at $13.64, with a volume of 598898 shares trading hands. The stock had previously closed at $14.75.

Columbia Financial Trading Down 7.5 %

The company has a debt-to-equity ratio of 1.32, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -113.67 and a beta of 0.13. The firm’s 50-day simple moving average is $15.44 and its 200 day simple moving average is $16.43.

Columbia Financial (NASDAQ:CLBK) last issued its earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Columbia Financial had a negative net margin of 2.39% and a positive return on equity of 2.20%. Equities analysts expect that Columbia Financial, Inc. will post 0.43 earnings per share for the current year.

Institutional Trading of Columbia Financial

A number of hedge funds have recently made changes to their positions in CLBK. FMR LLC increased its stake in shares of Columbia Financial by 214.8% in the third quarter. FMR LLC now owns 6,747 shares of the company’s stock valued at $115,000 after buying an additional 4,604 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Columbia Financial by 146.0% during the third quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock valued at $270,000 after acquiring an additional 9,374 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Columbia Financial by 36.9% during the third quarter. Jane Street Group LLC now owns 45,630 shares of the company’s stock valued at $779,000 after acquiring an additional 12,291 shares during the last quarter. Barclays PLC lifted its holdings in shares of Columbia Financial by 132.1% during the third quarter. Barclays PLC now owns 49,452 shares of the company’s stock worth $844,000 after purchasing an additional 28,147 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Columbia Financial in the third quarter worth $300,000. 12.72% of the stock is owned by institutional investors and hedge funds.

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.