Columbia Financial (NASDAQ:CLBK) Releases Quarterly Earnings Results, Meets Estimates

Columbia Financial (NASDAQ:CLBK) announced its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06, Zacks reports. The business had revenue of $124.87 million during the quarter, compared to the consensus estimate of $54.95 million. Columbia Financial had a return on equity of 2.42% and a net margin of 4.11%.

Columbia Financial Stock Down 1.6 %

CLBK stock traded down $0.28 during trading on Friday, reaching $16.69. The stock had a trading volume of 69,478 shares, compared to its average volume of 81,992. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 104.31 and a beta of 0.18. Columbia Financial has a one year low of $13.79 and a one year high of $20.46. The company’s 50 day moving average is $17.08 and its two-hundred day moving average is $16.22.

Columbia Financial Company Profile

Columbia Financial, Inc, a bank holding company, provides various financial services to businesses and consumers in the United States. Its deposit products include checking, interest-earning checking products and municipal, savings and club deposits, and money market accounts, as well as certificates of deposit.