Columbia Financial
CLBK

$16.99

2.02%

Market Cap: $1.78B

About: Columbia Financial Inc is a federally chartered savings bank that serves the financial needs of depositors and the local community as a community-minded, customer service-focused institution. It offers traditional financial services to businesses and consumers. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans, and also offers a broad range of insurance products, investment solutions, and wealth management services.

Employees: 774

Financials Savings Institution, Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

9% more funds holding

Funds holding: 92 [Q1] → 100 (+8) [Q2]

3% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 29

0.14% less ownership

Funds ownership: 12.45% [Q1] → 12.31% (-0.14%) [Q2]

14% less capital invested

Capital invested by funds: $225M [Q1] → $193M (-$31.7M) [Q2]

51% less call options, than puts

Call options by funds: $132K | Put options by funds: $269K

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Research analyst outlook

We haven’t received any recent analyst ratings for CLBK.

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Financial journalist opinion

Based on 3 articles about CLBK published over the past 30 days

Zacks Investment Research

Columbia Financial Gets Regulatory Nod to Merge Freehold Bank

CLBK receives regulatory approvals to complete the Freehold Bank merger into Columbia Bank.

Columbia Financial Gets Regulatory Nod to Merge Freehold Bank

Columbia Financial, Inc. Announces Receipt of Regulatory Approval for Merger of Freehold Bank Into Columbia Bank

FAIR LAWN, N.J., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (Nasdaq: CLBK) (the “Company”), the mid-tier holding company for Columbia Bank and Freehold Bank, announced today that Columbia Bank has received the requisite regulatory approval from the Office of the Comptroller of the Currency necessary to merge Freehold Bank with and into Columbia Bank.

Columbia Financial, Inc. Announces Receipt of Regulatory Approval for Merger of Freehold Bank Into Columbia Bank

Zacks Investment Research

Columbia Financial (CLBK) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Columbia Financial (CLBK) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Columbia Financial (CLBK) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Zacks Investment Research

Surging Earnings Estimates Signal Upside for Columbia Financial (CLBK) Stock

Columbia Financial (CLBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Columbia Financial (CLBK) Stock

Zacks Investment Research

Columbia Financial (CLBK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Although the revenue and EPS for Columbia Financial (CLBK) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Columbia Financial (CLBK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Columbia Financial (CLBK) Beats Q2 Earnings and Revenue Estimates

Columbia Financial (CLBK) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.12 per share a year ago.

Columbia Financial (CLBK) Beats Q2 Earnings and Revenue Estimates

Columbia Financial, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2024

FAIR LAWN, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia") and Freehold Bank ("Freehold"), reported net income of $4.5 million, or $0.04 per basic and diluted share, for the quarter ended June 30, 2024, as compared to $1.7 million, or $0.02 per basic and diluted share, for the quarter ended June 30, 2023. The income for the quarter ended June 30, 2024 reflected higher non-interest income, mainly due to the 2023 period including a $9.6 million loss on securities transactions, and lower non-interest expense, partially offset by lower net interest income, mainly due to an increase in interest expense, higher provision for credit losses and higher income tax expense. For the quarter ended June 30, 2024, the Company reported core net income of $5.3 million, a decrease of $6.5 million, or 54.9%, compared to core net income of $11.7 million for the quarter ended June 30, 2023.

Columbia Financial, Inc. Announces Financial Results for the Second Quarter Ended June 30, 2024

Zacks Investment Research

Columbia Financial (CLBK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Columbia Financial (CLBK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Columbia Financial (CLBK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Columbia Financial (CLBK) Lags Q1 Earnings and Revenue Estimates

Columbia Financial (CLBK) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.19 per share a year ago.

Columbia Financial (CLBK) Lags Q1 Earnings and Revenue Estimates

Columbia Financial, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024

FAIR LAWN, N.J., April 30, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia") and Freehold Bank ("Freehold"), reported a net loss of $1.2 million, or $0.01 per basic and diluted share, for the quarter ended March 31, 2024, as compared to net income of $18.7 million, or $0.18 per basic and diluted share, for the quarter ended March 31, 2023. The net loss for the quarter ended March 31, 2024 reflected lower net interest income, mainly due to an increase in interest expense, a higher provision for credit losses and higher non-interest expense, partially offset by lower income tax expense. For the quarter ended March 31, 2024, the Company reported core net income of $455,000, a decrease of $19.3 million, or 97.7%, compared to core net income of $19.8 million for the quarter ended March 31, 2023.

Columbia Financial, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024

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