Columbia Financial, Inc (NASDAQ: CLBK) has a price-to-earnings ratio that is above its average at 42.30x. The stock has a 36-month beta value of 0.21. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CLBK is 27.01M, and at present, short sellers hold a 9.40% of that float. On May 02, 2024, the average trading volume of CLBK was 71.90K shares.
CLBK) stock’s latest price update
Columbia Financial, Inc (NASDAQ: CLBK) has experienced a decline in its stock price by -11.27 compared to its previous closing price of 16.60. However, the company has seen a fall of -12.89% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that 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.
CLBK’s Market Performance
CLBK’s stock has fallen by -12.89% in the past week, with a monthly drop of -10.78% and a quarterly drop of -18.08%. The volatility ratio for the week is 2.83% while the volatility levels for the last 30 days are 2.42% for Columbia Financial, Inc The simple moving average for the past 20 days is -10.81% for CLBK’s stock, with a -14.19% simple moving average for the past 200 days.
Analysts’ Opinion of CLBK
Many brokerage firms have already submitted their reports for CLBK stocks, with Janney repeating the rating for CLBK by listing it as a “Buy.” The predicted price for CLBK in the upcoming period, according to Janney is $18 based on the research report published on October 11, 2023 of the previous year 2023.
Piper Sandler, on the other hand, stated in their research note that they expect to see CLBK reach a price target of $24. The rating they have provided for CLBK stocks is “Neutral” according to the report published on July 28th, 2022.
Compass Point gave a rating of “Neutral” to CLBK, setting the target price at $20 in the report published on April 28th of the previous year.
CLBK Trading at -10.85% from the 50-Day Moving Average
After a stumble in the market that brought CLBK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.01% of loss for the given period.
Volatility was left at 2.42%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -10.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.91% lower at present.
During the last 5 trading sessions, CLBK fell by -12.89%, which changed the moving average for the period of 200-days by -18.39% in comparison to the 20-day moving average, which settled at $16.42. In addition, Columbia Financial, Inc saw -23.60% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CLBK starting from Van Dyk Robert, who purchase 1,000 shares at the price of $16.69 back on Feb 22 ’24. After this action, Van Dyk Robert now owns 119,230 shares of Columbia Financial, Inc, valued at $16,689 using the latest closing price.
Klimowich John, the EVP & Chief Risk Officer of Columbia Financial, Inc, purchase 346 shares at $14.42 during a trade that took place back on May 02 ’23, which means that Klimowich John is holding 48,232 shares at $4,989 based on the most recent closing price.
Stock Fundamentals for CLBK
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 1.0 for the gross margin
The net margin for Columbia Financial, Inc stands at 0.05. The total capital return value is set at 0.0. Equity return is now at value 3.45, with 0.34 for asset returns.
Currently, EBITDA for the company is 14.03 million with net debt to EBITDA at -127.12. When we switch over and look at the enterprise to sales, we see a ratio of 3.5. The receivables turnover for the company is 0.04for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.06.
Conclusion
To sum up, Columbia Financial, Inc (CLBK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
