Vanguard Group Inc. decreased its stake in Columbia Financial Inc (NASDAQ:CLBK) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,107,442 shares of the company’s stock after selling 47,003 shares during the quarter. Vanguard Group Inc. owned approximately 3.54% of Columbia Financial worth $62,022,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Columbia Financial by 971.5% during the 2nd quarter. Bank of Montreal Can now owns 4,404 shares of the company’s stock worth $67,000 after purchasing an additional 3,993 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Columbia Financial during the 2nd quarter worth $220,000. Raymond James Trust N.A. acquired a new position in shares of Columbia Financial during the 2nd quarter worth $221,000. Oppenheimer Asset Management Inc. increased its stake in shares of Columbia Financial by 127.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,787 shares of the company’s stock worth $284,000 after purchasing an additional 10,513 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its stake in shares of Columbia Financial by 48.6% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 41,000 shares of the company’s stock worth $619,000 after purchasing an additional 13,400 shares during the last quarter. Institutional investors own 15.16% of the company’s stock.
Shares of CLBK opened at $15.87 on Friday. The company’s fifty day moving average is $15.55 and its 200-day moving average is $15.41. Columbia Financial Inc has a 12 month low of $14.25 and a 12 month high of $16.13. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 33.77 and a beta of 0.46. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.15.
Columbia Financial 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.
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