Victory Capital Management Inc. Raises Stock Position in Columbia Financial, Inc. (NASDAQ:CLBK)

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Victory Capital Management Inc. raised its stake in shares of Columbia Financial, Inc. (NASDAQ:CLBK) by 12.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,097 shares of the company’s stock after purchasing an additional 3,718 shares during the quarter. Victory Capital Management Inc.’s holdings in Columbia Financial were worth $631,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd grew its position in Columbia Financial by 2.0% during the 3rd quarter. WINTON GROUP Ltd now owns 46,378 shares of the company’s stock valued at $858,000 after purchasing an additional 898 shares during the last quarter. Invesco Ltd. grew its position in Columbia Financial by 1.9% during the 2nd quarter. Invesco Ltd. now owns 77,050 shares of the company’s stock valued at $1,327,000 after purchasing an additional 1,453 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Columbia Financial by 648.3% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,811 shares of the company’s stock valued at $31,000 after purchasing an additional 1,569 shares during the last quarter. Citigroup Inc. grew its position in Columbia Financial by 44.3% during the 2nd quarter. Citigroup Inc. now owns 6,428 shares of the company’s stock valued at $111,000 after purchasing an additional 1,973 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its position in Columbia Financial by 8.1% during the 2nd quarter. Boothbay Fund Management LLC now owns 87,484 shares of the company’s stock valued at $1,506,000 after purchasing an additional 6,534 shares during the last quarter. 15.58% of the stock is currently owned by institutional investors and hedge funds.

CLBK opened at $20.93 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $2.22 billion, a P/E ratio of 24.62 and a beta of 0.37. The company’s 50-day simple moving average is $20.00 and its two-hundred day simple moving average is $18.71. Columbia Financial, Inc. has a 52-week low of $14.70 and a 52-week high of $21.19.

Columbia Financial (NASDAQ:CLBK) last issued its quarterly earnings data on Wednesday, October 27th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.02). Columbia Financial had a return on equity of 8.83% and a net margin of 28.29%. The business had revenue of $66.23 million during the quarter, compared to the consensus estimate of $67.40 million. Research analysts forecast that Columbia Financial, Inc. will post 0.81 EPS for the current fiscal year.

Several equities analysts have issued reports on the stock. Piper Sandler upgraded shares of Columbia Financial from a “neutral” rating to an “overweight” rating and upped their target price for the company from $20.00 to $22.00 in a research note on Thursday, December 2nd. Zacks Investment Research cut shares of Columbia Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 28th.

Columbia Financial Profile

Columbia Financial, Inc is a holding company, which engages in the provision of traditional banking and other financial services. It offers personal and business banking, wealth management, and other banking services such as online banking, bills payment, and mobile check deposit. The company was founded in March 1997 and is headquartered in Fair Lawn, NJ.

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