Columbia Financial
CLBK

$18.39

1.1%

Market Cap: 1.93B

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 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,224% more call options, than puts

Call options by funds: $225K | Put options by funds: $17K

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

1% more funds holding

Funds holding: 90 [Q4 2023] → 91 (+1) [Q1 2024]

0.41% less ownership

Funds ownership: 12.72% [Q4 2023] → 12.31% (-0.41%) [Q1 2024]

14% less capital invested

Capital invested by funds: $257M [Q4 2023] → $222M (-$35M) [Q1 2024]

58% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 43

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Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$17

8%

downside

Avg. target

$18

2%

downside

High target

$19

3%

upside

2 analyst ratings

0 positive

0%

2 neutral

100%

0 negative

0%

Piper Sandler Mark Fitzgibbon	8%downside $17	Neutral Maintained	1 May 2024
Piper Sandler Mark Fitzgibbon	3%upside $19	Neutral Maintained	26 Mar 2024

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Financial journalist opinion

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

Zacks Investment Research

Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for Columbia Financial (CLBK) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Columbia Financial (CLBK) Surpasses Q4 Earnings and Revenue Estimates

Columbia Financial (CLBK) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago.

Columbia Financial (CLBK) Surpasses Q4 Earnings and Revenue Estimates

Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2023

FAIR LAWN, N.J., Jan. 25, 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 $6.6 million, or $0.06 per basic and diluted share, for the quarter ended December 31, 2023, as compared to net income of $21.9 million, or $0.21 per basic and diluted share, for the quarter ended December 31, 2022. Earnings for the quarter ended December 31, 2023 reflected lower net interest income, mainly due to an increase in interest expense, a higher provision for credit losses and higher non-interest expense, which included a one-time Federal Deposit Insurance Corporation special assessment, partially offset by higher non-interest income and a lower income tax expense. For the quarter ended December 31, 2023, the Company reported core net income of $10.1 million, a decrease of $12.0 million, or 54.3%, compared to core net income of $22.2 million for the quarter ended December 31, 2022. (Refer to "Reconciliation of GAAP to Non-GAAP Financial Measures" for a reconciliation of GAAP net income to core net income.)

Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2023

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