Metropolitan Life Insurance Co NY boosted its holdings in Columbia Financial Inc (NASDAQ:CLBK) by 14.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,085 shares of the company’s stock after acquiring an additional 2,328 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Columbia Financial were worth $286,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in CLBK. Swiss National Bank lifted its holdings in Columbia Financial by 27.6% in the 2nd quarter. Swiss National Bank now owns 107,788 shares of the company’s stock valued at $1,628,000 after purchasing an additional 23,300 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Columbia Financial in the 2nd quarter valued at about $887,000. Wells Fargo & Company MN lifted its holdings in Columbia Financial by 145.0% in the 2nd quarter. Wells Fargo & Company MN now owns 81,823 shares of the company’s stock valued at $1,236,000 after purchasing an additional 48,422 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Columbia Financial by 626.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 229,864 shares of the company’s stock valued at $3,464,000 after purchasing an additional 198,215 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Columbia Financial by 119.0% in the 2nd quarter. Acadian Asset Management LLC now owns 184,636 shares of the company’s stock valued at $2,789,000 after purchasing an additional 100,327 shares in the last quarter. Institutional investors own 16.94% of the company’s stock.
NASDAQ:CLBK opened at $16.87 on Friday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 33.50 and a beta of 0.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average is $16.59 and its two-hundred day moving average is $15.69. Columbia Financial Inc has a 12-month low of $14.25 and a 12-month high of $17.10.
Columbia Financial (NASDAQ:CLBK) last released its earnings results on Thursday, October 24th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. The company had revenue of $51.83 million for the quarter. Columbia Financial had a net margin of 19.93% and a return on equity of 5.62%.
In other news, Director Elizabeth E. Randall bought 5,975 shares of Columbia Financial stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $16.85 per share, for a total transaction of $100,678.75. 0.74% of the stock is currently owned by corporate insiders.
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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