Delta Financial Group Inc. Makes New $578,000 Investment in Columbia Financial, Inc. (NASDAQ:CLBK)

Delta Financial Group Inc. purchased a new stake in Columbia Financial, Inc. (NASDAQ:CLBK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 36,556 shares of the company’s stock, valued at approximately $578,000.

Several other large investors have also modified their holdings of CLBK. Creative Planning lifted its stake in shares of Columbia Financial by 58.9% in the 3rd quarter. Creative Planning now owns 27,715 shares of the company’s stock valued at $473,000 after purchasing an additional 10,270 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Columbia Financial in the 3rd quarter valued at $33,000. FMR LLC lifted its stake in shares of 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 purchasing an additional 4,604 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Columbia Financial by 146.0% in 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 last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Columbia Financial by 36.9% in the 3rd quarter. Jane Street Group LLC now owns 45,630 shares of the company’s stock valued at $779,000 after purchasing an additional 12,291 shares during the last quarter. Institutional investors and hedge funds own 12.72% of the company’s stock.

Insider Buying and Selling

In related news, Director Noel R. Holland sold 10,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $17.06, for a total transaction of $170,600.00. Following the transaction, the director now owns 30,501 shares of the company’s stock, valued at approximately $520,347.06. This represents a 24.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.38% of the stock is owned by corporate insiders.

Columbia Financial Stock Performance

Shares of Columbia Financial stock opened at $15.38 on Friday. Columbia Financial, Inc. has a 52 week low of $13.79 and a 52 week high of $19.28. The business’s fifty day simple moving average is $15.72 and its 200-day simple moving average is $16.77. The firm has a market cap of $1.61 billion, a PE ratio of -128.17 and a beta of 0.21. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate 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%. Equities analysts forecast that Columbia Financial, Inc. will post 0.43 earnings per share for the current year.

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.