Columbia Financial Inc. (CLBK): Market is showing a Red signal

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Columbia Financial Inc. (NASDAQ:CLBK) changes shares on Tuesday trading session, with a change of -0.51% or -$0.06 shares. The trading starts at $11.67 and closed at $11.67 throughout the day. The trading session low price was $11.48 and day high was $11.78 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 0.25 million while its average volume is 178.06K. In other hand, the CLBK market cap reached to $1.39B. While, its current target price is $13.75.

On April 25, 2018, BRIEF-Columbia Financial Announces Q2 Earnings. According to the news reported on Reuters, * COLUMBIA FINANCIAL – QTRLY NET INTEREST INCOME WAS $39.1 MILLION, AN INCREASE OF $4.3 MILLION, OR 12.3% FROM $34.8 MILLION FOR QUARTER ENDED MARCH 31, 2017

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -7.34% and down -14.88% for month. Its quarterly performance was -14.70% below, while its half year performance is down -31.63%. CLBK yearly performance stood at negative -21.55% and fall -31.46% for year-to-date. Current recommendation for Columbia Financial Inc. is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. CLBK EPS (TTM) for 12-month is 0.45. EPS for this year is 141.30%, while for the next year its value is 0.48. Its EPS Q/Q reached -53.40%. It has an EPS of 20.40% up for past five years.

On the other hand, target price ranges from $12.00 – $15.50. Average target price for CLBK was reached at $13.75.

Vanguard Group, Inc. (The), Blackrock Inc. and Price (T.Rowe) Associates Inc are the top three holders in Columbia Financial Inc. (CLBK) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 4.43 million shares which valued 63.82 million. On Mar 30, 2020, Blackrock Inc. owned 3.9 million shares which valued at 56.14 million. On Mar 30, 2020, Price (T.Rowe) Associates Inc has a total of 1.53 million shares which valued at 21.99 million. In the end, Price (T.Rowe) Associates Inc have 1.33% shares outstanding of Columbia Financial Inc. (CLBK) on Mar 30, 2020. The insider ownership moved to 0.30% and institutional holding shifted to 18.50%.

The company posted an EPS (TTM) of 0.45. According to the most recent quarter report on (Sep 2020), 2 analysts estimated an average EPS of 0.11, while 0.13 EPS posted a year ago period. Analyst Estimated EPS for CLBK published in the report was $0.09 – $0.13 during the same period. Comparing with last year, the average estimated EPS was 0.13 which is lower than 0.14 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for CLBK fall -23.52% for period of 200 days. SMA for 50 days was -13.74% which is showing red signal, while SMA-20 was -9.62%. The moving average value for Columbia Financial Inc. (CLBK) is 14.45 and 13.10 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in CLBK stock. On Aug 04, Gibney Dennis E., EVP & Chief Financial Officer, bought 4,000 trading shares at the cost of $11.54, which valued at 46170.0. On May 12, Massood Michael Jr., Director, bought 2,760 shares at the cost of $13.45, with total shares of 5,930. On May 11, Massood Michael Jr., Director, bought 3,170 shares at the cost of 13.76. After this transaction, Massood Michael Jr. total shares reached to 3,170 which valued at 43617.0.