Understanding the Risks of Investing in Columbia Financial Inc. (CLBK)


Columbia Financial Inc.’s recent filing unveils that its EVP & Chief Risk Officer Klimowich John acquired Company’s shares for reported $4989.0 on May 02. In the deal valued at $14.42 per share,346 shares were bought. As a result of this transaction, Klimowich John now holds 48,232 shares worth roughly $ 0.83 million.

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Then, Kemly Thomas J. bought 2,500 shares, generating $43,975 in total proceeds. Upon buying the shares at $17.59, the President & CEO now owns 176,563 shares.

Before that, Gibney Dennis E. bought 2,000 shares. Columbia Financial Inc. shares valued at $35,200 were divested by the EVP & Chief Financial Officer at a price of $17.60 per share. As a result of the transaction, Gibney Dennis E. now holds 137,461 shares, worth roughly $2.36 million.

Piper Sandler downgraded its Columbia Financial Inc. [CLBK] rating to a Neutral from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of 28.5 to its Friday closing price.

Price Performance Review of CLBK

On Friday, Columbia Financial Inc. [NASDAQ:CLBK] saw its stock remained unchanged to $17.16. On the same session, the stock had its day’s lowest price of $17.12, but rose to a high of $17.43. Over the last five days, the stock has gained 2.39%. Columbia Financial Inc. shares have fallen nearly -20.63% since the year began. Nevertheless, the stocks have fallen -19.55% over the past one year. While a 52-week high of $22.37 was reached on 01/10/23, a 52-week low of $14.11 was recorded on 05/02/23. SMA at 50 days reached $17.63, while 200 days put it at $18.98. A total of 0.14 million shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For CLBK Stock

The 24-hour chart illustrates a support level at 17.04, which if violated will result in even more drops to 16.93. On the upside, there is a resistance level at 17.35. A further resistance level may holdings at 17.55. The Relative Strength Index (RSI) on the 14-day chart is 44.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.54%. Stochastics %K at 46.18% indicates the stock is a holding.

How much short interest is there in Columbia Financial Inc.?

A steep rise in short interest was recorded in Columbia Financial Inc. stocks on Aug 14, 2023, dropping by 40000.0 shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.89 million shares. There was a decline of -1.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 23.78.

Columbia Financial Inc. [CLBK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,750,770 shares, or roughly 2.60% of the outstanding CLBK shares. In other words, the investor’s shares have fallen by -850,635 from its previous 13-F filing of 3601405.0. Additionally, BlackRock Fund Advisors decreased -11.81% of its stake after which the total value it holdings stand at $37,849,531, while T. Rowe Price Investment Manageme added 36.40% of its stake to hold $27.11 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 193,089 shares of Columbia Financial Inc., while SSgA Funds Management, Inc. bought 9,448 shares. At present, Renaissance Technologies LLC is holding 755,332 shares valued at $13.2 million. Geode Capital Management LLC owned 709,360 shares of the company at the time of its most recent 13F filing, worth $12.4 million.

According to FactSet, Columbia Financial Inc.’s share price will average $20.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.55 percent from its previous closing price of $17.16. Analysts expect Columbia Financial Inc. stock to reach the higher price of $20.00, while the lowest price estimate is $20.00. However, 1 analyst have rated CLBK stock as a Hold in their predictions for 2023.


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