PEAK6 LLC Takes Position in Columbia Financial $CLBK

PEAK6 LLC acquired a new stake in shares of Columbia Financial (NASDAQ:CLBK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 126,887 shares of the company’s stock, valued at approximately $2,693,000.

A number of other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Columbia Financial by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,384 shares of the company’s stock valued at $246,000 after acquiring an additional 702 shares during the last quarter. Jane Street Group LLC increased its stake in Columbia Financial by 459.9% in the first quarter. Jane Street Group LLC now owns 65,178 shares of the company’s stock valued at $978,000 after purchasing an additional 53,537 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Columbia Financial by 32.5% during the second quarter. JPMorgan Chase & Co. now owns 99,534 shares of the company’s stock worth $1,444,000 after buying an additional 24,390 shares during the period. Legal & General Group Plc boosted its stake in Columbia Financial by 6.2% in the 2nd quarter. Legal & General Group Plc now owns 34,035 shares of the company’s stock worth $494,000 after buying an additional 1,992 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Columbia Financial by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 66,491 shares of the company’s stock valued at $965,000 after buying an additional 4,080 shares during the period. Institutional investors and hedge funds own 12.72% of the company’s stock.

Columbia Financial Stock Performance

Shares of CLBK opened at $11.79 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.99 and a quick ratio of 0.99. Columbia Financial has a 12-month low of $6.21 and a 12-month high of $12.00. The business’s fifty day moving average price is $16.32 and its 200 day moving average price is $17.83. The stock has a market capitalization of $3.18 billion, a PE ratio of 35.15 and a beta of 0.23.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.14 EPS for the quarter. The firm had revenue of $73.75 million during the quarter. Columbia Financial had a return on equity of 5.29% and a net margin of 11.19%. Equities research analysts forecast that Columbia Financial will post 0.59 EPS for the current year.

Columbia Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 12th. Columbia Financial’s dividend payout ratio (DPR) is 58.82%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CLBK. Wall Street Zen lowered shares of Columbia Financial from a “hold” rating to a “sell” rating in a report on Saturday. Brean Capital upgraded shares of Columbia Financial from a “neutral” rating to a “buy” rating in a report on Monday, August 17th. Capital One Financial set a $14.00 price target on shares of Columbia Financial in a research report on Monday, August 17th. Piper Sandler upgraded shares of Columbia Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $19.00 to $14.00 in a report on Tuesday, August 11th. Finally, Weiss Ratings raised Columbia Financial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.10.

Columbia Financial Company Profile

Columbia Financial, Inc is the bank holding company for Columbia Bank, a commercial bank headquartered in Fair Lawn, New Jersey. Through its principal subsidiary, Columbia Bank, the company offers a comprehensive suite of retail and commercial banking products and services. These offerings include deposit accounts, consumer and mortgage lending, commercial real estate financing, and business banking solutions tailored to small- and medium-sized enterprises.

On the consumer side, Columbia Bank provides checking and savings accounts, certificates of deposit, home equity lines of credit, and residential mortgage loans.