Columbia Financial (NASDAQ:CLBK) Downgraded by Compass Point to “Neutral”

Compass Point cut shares of Columbia Financial (NASDAQ:CLBK) from a buy rating to a neutral rating in a research note released on Wednesday, BenzingaRatingsTable reports. They currently have $15.50 price target on the stock, down from their prior price target of $18.00.

Shares of NASDAQ CLBK opened at $14.51 on Wednesday. The firm has a market capitalization of $1.68 billion, a PE ratio of 30.52 and a beta of 0.53. Columbia Financial has a fifty-two week low of $14.01 and a fifty-two week high of $17.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.07 and a quick ratio of 1.07.

Columbia Financial (NASDAQ:CLBK) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The company had revenue of $48.42 million during the quarter. Columbia Financial had a return on equity of 5.49% and a net margin of 9.93%.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Columbia Financial during the fourth quarter valued at $48,000. Great West Life Assurance Co. Can bought a new stake in Columbia Financial during the fourth quarter valued at $53,000. Acadian Asset Management LLC bought a new stake in Columbia Financial during the fourth quarter valued at $94,000. Oppenheimer Asset Management Inc. bought a new stake in Columbia Financial during the fourth quarter valued at $119,000. Finally, SG Americas Securities LLC bought a new stake in Columbia Financial during the first quarter valued at $130,000. 12.92% of the stock is owned by institutional investors.

Columbia Financial Company Profile

Columbia Financial, Inc operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers in the United States. The company offers non-interest bearing demand deposits, such as individual checking and commercial checking accounts; interest-bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit.

Read More: Systematic Risk

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