Columbia Financial (NASDAQ:CLBK) Shares Gap Down – Here’s What Happened

Shares of Columbia Financial, Inc. (NASDAQ:CLBK) gapped down before the market opened 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 traded.

Columbia Financial Stock Performance

The business has a 50 day simple moving average of $16.48 and a 200 day simple moving average of $16.97. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.99 and a current ratio of 0.99.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 EPS 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%. As a group, analysts anticipate that Columbia Financial, Inc. will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $17.06, for a total value of $170,600.00. Following the transaction, the director now owns 30,501 shares in the company, valued at $520,347.06. The trade was a 24.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.38% of the company’s stock.

Institutional Trading of Columbia Financial

Hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. bought a new position in Columbia Financial during the 3rd quarter valued at about $33,000. FMR LLC increased its stake in Columbia Financial by 214.8% in the 3rd 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 last quarter. Marshall Wace LLP acquired a new stake in Columbia Financial in the second quarter valued at $162,000. SG Americas Securities LLC lifted its stake in shares of Columbia Financial by 64.0% during the 3rd quarter. SG Americas Securities LLC now owns 13,765 shares of the company’s stock worth $235,000 after buying an additional 5,374 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Columbia Financial by 146.0% in 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 period. 12.72% of the stock is owned by institutional investors.

Columbia Financial Company Profile

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.