MetLife Investment Advisors LLC trimmed its holdings in Columbia Financial Inc (NASDAQ:CLBK) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,912 shares of the company’s stock after selling 11,496 shares during the period. MetLife Investment Advisors LLC’s holdings in Columbia Financial were worth $320,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in CLBK. Bank of America Corp DE boosted its stake in Columbia Financial by 116.7% during the fourth quarter. Bank of America Corp DE now owns 47,858 shares of the company’s stock valued at $731,000 after buying an additional 25,771 shares in the last quarter. Geode Capital Management LLC boosted its stake in Columbia Financial by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 628,447 shares of the company’s stock valued at $9,608,000 after buying an additional 35,228 shares in the last quarter. Roundview Capital LLC bought a new position in Columbia Financial during the fourth quarter valued at about $813,000. Great West Life Assurance Co. Can bought a new position in Columbia Financial during the fourth quarter valued at about $53,000. Finally, Northern Trust Corp boosted its stake in Columbia Financial by 1.6% during the fourth quarter. Northern Trust Corp now owns 593,977 shares of the company’s stock valued at $9,082,000 after buying an additional 9,395 shares in the last quarter. 12.63% of the stock is currently owned by institutional investors.
In related news, CEO Thomas J. Kemly bought 10,000 shares of Columbia Financial stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $16.05 per share, with a total value of $160,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dennis E. Gibney bought 6,000 shares of Columbia Financial stock in a transaction dated Friday, March 1st. The shares were bought at an average cost of $16.00 per share, with a total value of $96,000.00. The disclosure for this purchase can be found here. Insiders have purchased 25,550 shares of company stock valued at $409,338 in the last ninety days.
Shares of CLBK stock opened at $15.55 on Tuesday. Columbia Financial Inc has a fifty-two week low of $14.01 and a fifty-two week high of $17.73. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.22.
Columbia Financial (NASDAQ:CLBK) last announced its earnings results on Thursday, January 31st. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Columbia Financial had a return on equity of 6.30% and a net margin of 9.17%. The business had revenue of $49.78 million during the quarter.
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Columbia Financial Company Profile
Columbia Financial, Inc operates as a bank holding company for Columbia Bank that provides banking products and services 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 checking accounts and municipal accounts; and savings accounts, money market accounts, and certificates of deposit.
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