Skandinaviska Enskilda Banken AB publ Acquires Shares of 14,600 Columbia Financial Inc (NASDAQ:CLBK)

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Skandinaviska Enskilda Banken AB publ bought a new position in shares of Columbia Financial Inc (NASDAQ:CLBK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,600 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Columbia Financial during the 1st quarter valued at about $130,000. BNP Paribas Arbitrage SA grew its stake in Columbia Financial by 287.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,278 shares of the company’s stock valued at $177,000 after acquiring an additional 8,370 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Columbia Financial during the 2nd quarter valued at about $221,000. Millennium Management LLC grew its stake in Columbia Financial by 13.9% during the 4th quarter. Millennium Management LLC now owns 16,600 shares of the company’s stock valued at $254,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Virginia Retirement Systems ET AL grew its stake in Columbia Financial by 48.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 41,000 shares of the company’s stock valued at $619,000 after acquiring an additional 13,400 shares in the last quarter. 14.04% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CLBK traded down $0.08 on Friday, hitting $15.21. The stock had a trading volume of 166,757 shares, compared to its average volume of 193,566. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 32.53 and a beta of 0.45. The company has a fifty day moving average price of $15.29 and a two-hundred day moving average price of $15.43. Columbia Financial Inc has a 1-year low of $14.01 and a 1-year high of $17.00.

Columbia Financial (NASDAQ:CLBK) last posted its earnings results on Wednesday, July 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $47.62 million during the quarter. Columbia Financial had a net margin of 19.53% and a return on equity of 5.31%.

Separately, Compass Point cut shares of Columbia Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $15.50 in a research note on Wednesday, June 12th.

In other news, CEO Thomas J. Kemly bought 2,500 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $14.59 per share, for a total transaction of $36,475.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Henry Kuiken bought 6,742 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $14.78 per share, for a total transaction of $99,646.76. The disclosure for this purchase can be found here. Insiders acquired a total of 18,242 shares of company stock worth $233,572 over the last quarter. 0.74% of the stock is currently owned by company insiders.

About Columbia Financial

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.

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Institutional Ownership by Quarter for Columbia Financial (NASDAQ:CLBK)

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