Columbia Financial, Inc. (NASDAQ:CLBK) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in shares of Columbia Financial, Inc. (NASDAQ:CLBK) by 2.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 227,691 shares of the company’s stock after selling 4,938 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Columbia Financial were worth $3,887,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. acquired a new stake in shares of Columbia Financial during the second quarter worth about $1,659,000. Dimensional Fund Advisors LP lifted its holdings in Columbia Financial by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,765,900 shares of the company’s stock worth $26,433,000 after buying an additional 46,813 shares in the last quarter. Marshall Wace LLP acquired a new stake in Columbia Financial during the 2nd quarter worth approximately $162,000. Creative Planning boosted its position in 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 buying an additional 10,270 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Columbia Financial by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 139,048 shares of the company’s stock worth $2,082,000 after acquiring an additional 8,521 shares in the last quarter. Institutional investors and hedge funds own 12.72% of the company’s stock.

Columbia Financial Stock Down 1.1 %

Shares of NASDAQ CLBK opened at $16.93 on Friday. The stock has a market cap of $1.77 billion, a P/E ratio of 112.87 and a beta of 0.19. The business’s fifty day simple moving average is $17.58 and its 200-day simple moving average is $16.68. Columbia Financial, Inc. has a 12-month low of $13.79 and a 12-month high of $20.46. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.32.

Columbia Financial (NASDAQ:CLBK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. Columbia Financial had a return on equity of 2.09% and a net margin of 3.35%. The company had revenue of $124.87 million for the quarter, compared to analyst estimates of $54.95 million. As a group, equities analysts predict that Columbia Financial, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity at Columbia Financial

In other Columbia Financial news, Director Noel R. Holland sold 10,000 shares of the 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 sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. 3.38% of the stock is owned by corporate insiders.

Columbia Financial 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.