Columbia Financial (NASDAQ:CLBK) Shares Gap Down – What’s Next?

Columbia Financial, Inc. (NASDAQ:CLBK)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $15.74, but opened at $15.01. Columbia Financial shares last traded at $15.33, with a volume of 20,690 shares.

Columbia Financial Stock Down 1.8 %

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 fifty day moving average of $16.48 and a two-hundred day moving average of $16.97.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Columbia Financial had a positive return on equity of 2.20% and a negative net margin of 2.39%. Sell-side analysts expect that Columbia Financial, Inc. will post 0.44 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Noel R. Holland sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $17.06, for a total value of $170,600.00. Following the transaction, the director now directly owns 30,501 shares in the company, valued at approximately $520,347.06. This represents a 24.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.38% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CLBK. Blue Trust Inc. purchased a new position in shares of Columbia Financial during the 3rd quarter valued at about $33,000. FMR LLC lifted its stake in Columbia Financial by 214.8% in the third quarter. FMR LLC now owns 6,747 shares of the company’s stock worth $115,000 after purchasing an additional 4,604 shares during the last quarter. Marshall Wace LLP bought a new position in Columbia Financial during the 2nd quarter worth approximately $162,000. SG Americas Securities LLC boosted its position in Columbia Financial by 64.0% during the 3rd quarter. SG Americas Securities LLC now owns 13,765 shares of the company’s stock valued at $235,000 after buying an additional 5,374 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Columbia Financial by 146.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,796 shares of the company’s stock valued at $270,000 after purchasing an additional 9,374 shares during the period. Institutional investors own 12.72% of the company’s stock.

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.