Columbia Financial (NASDAQ:CLBK) Plans Quarterly Dividend of $0.05

Columbia Financial (NASDAQ:CLBK) announced a quarterly dividend on Thursday, July 30th. Investors of record on Wednesday, August 12th will be given a dividend of 0.05 per share on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, August 12th.

Columbia Financial Stock Up 0.4%

NASDAQ:CLBK opened at $10.95 on Friday. Columbia Financial has a 1-year low of $6.21 and a 1-year high of $11.74. The company has a 50-day moving average of $19.23 and a 200 day moving average of $18.36. The firm has a market cap of $2.51 billion, a PE ratio of 43.80 and a beta of 0.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.99 and a quick ratio of 0.99.

Columbia Financial (NASDAQ:CLBK) last posted its earnings results on Thursday, July 30th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Columbia Financial had a net margin of 10.91% and a return on equity of 5.12%. The business had revenue of $73.75 million for the quarter, compared to the consensus estimate of $71.15 million. As a group, research analysts anticipate that Columbia Financial will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Columbia Financial in a report on Friday, June 5th. Wall Street Zen upgraded Columbia Financial from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.50.

About Columbia Financial

Columbia Financial, Inc is the bank holding company for Columbia Bank, a commercial bank headquartered in Fair Lawn, New Jersey. Through its principal subsidiary, Columbia Bank, the company offers a comprehensive suite of retail and commercial banking products and services. These offerings include deposit accounts, consumer and mortgage lending, commercial real estate financing, and business banking solutions tailored to small- and medium-sized enterprises.

On the consumer side, Columbia Bank provides checking and savings accounts, certificates of deposit, home equity lines of credit, and residential mortgage loans.