Columbia Financial (NASDAQ:CLBK) Sets New 12-Month Low – Should You Sell?

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

Columbia Financial Stock Down 1.6 %

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $1.41 billion, a PE ratio of -111.83 and a beta of 0.13. The firm’s 50 day moving average price is $15.36 and its two-hundred day moving average price is $16.39.

Columbia Financial (NASDAQ:CLBK) last released its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter, topping 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%. As a group, research analysts forecast that Columbia Financial, Inc. will post 0.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Columbia Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Columbia Financial by 10.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,576 shares of the company’s stock valued at $1,258,000 after purchasing an additional 7,421 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Columbia Financial during the 4th quarter valued at $223,000. Two Sigma Advisers LP lifted its stake in shares of Columbia Financial by 22.5% in the 4th quarter. Two Sigma Advisers LP now owns 12,500 shares of the company’s stock valued at $198,000 after purchasing an additional 2,300 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Columbia Financial by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,682 shares of the company’s stock worth $248,000 after purchasing an additional 684 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in Columbia Financial by 29.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 85,096 shares of the company’s stock worth $1,345,000 after purchasing an additional 19,460 shares in the last quarter. 12.72% of the stock is currently owned by 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.