Columbia Financial downgraded by Piper Sandler with a new price target
$CLBK
Savings Institutions
Finance
Piper Sandler downgraded Columbia Financial from Overweight to Neutral and set a new price target of $24.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2023 | $18.00 | Buy | Janney |
| 7/28/2022 | $24.00 | Overweight → Neutral | Piper Sandler |
| 4/28/2022 | $23.00 → $20.00 | Buy → Neutral | Compass Point |
| 12/2/2021 | $20.00 → $22.00 | Neutral → Overweight | Piper Sandler |
FAIR LAWN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the "Company") (NASDAQ:CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $6.2 million, or $0.06 per basic and diluted share, for the quarter ended September 30, 2024, as compared to $9.1 million, or $0.09 per basic and diluted share, for the quarter ended September 30, 2023. The income for the quarter ended September 30, 2024 reflected lower net interest income, mainly due to an increase in interest expense, and higher provision for credit losses, partially offset by higher non-interest income and lower income tax expense. For the nine months ended September 30, 2024, the
FAIR LAWN, N.J., July 31, 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 $4.5 million, or $0.04 per basic and diluted share, for the quarter ended June 30, 2024, as compared to $1.7 million, or $0.02 per basic and diluted share, for the quarter ended June 30, 2023. The income for the quarter ended June 30, 2024 reflected higher non-interest income, mainly due to the 2023 period including a $9.6 million loss on securities transactions, and lower non-interest expense, partially offset by lower net interest income, mainly due to an increase in in
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
FAIR LAWN, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the "Company") (NASDAQ:CLBK) the holding company for Columbia Bank (the "Bank") announced a repositioning of the Company's balance sheet. As part of the Company's strategy to improve future earnings and expand its net interest margin, the Company sold approximately $321 million of available-for-sale debt securities with a weighted average book yield of 1.53% and average life of 3.6 years that were mostly purchased during the COVID period. Proceeds from the sale were used to fund loan growth of $85 million, purchase $66 million of higher yielding debt securities and prepay $170 million of higher cost borrowin
FAIR LAWN, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK) (the "Company"), the mid-tier holding company for Columbia Bank (the "Bank"), announced today that Matthew Smith has been appointed as Senior Executive Vice President and Chief Operating Officer of the Company and the Bank effective as of November 25, 2024. The Company previously disclosed the retirement of E. Thomas Allen, Jr., the current Senior Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of January 31, 2025. Mr. Smith served as the Chief Digital Banking Officer and Head of Enterprise Product, Marketing and Transformation at Webster Bank from Febru
FAIR LAWN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the "Company") (NASDAQ:CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $6.2 million, or $0.06 per basic and diluted share, for the quarter ended September 30, 2024, as compared to $9.1 million, or $0.09 per basic and diluted share, for the quarter ended September 30, 2023. The income for the quarter ended September 30, 2024 reflected lower net interest income, mainly due to an increase in interest expense, and higher provision for credit losses, partially offset by higher non-interest income and lower income tax expense. For the nine months ended September 30, 2024, the
Janney initiated coverage of Columbia Financial with a rating of Buy and set a new price target of $18.00
Piper Sandler downgraded Columbia Financial from Overweight to Neutral and set a new price target of $24.00
Compass Point downgraded Columbia Financial from Buy to Neutral and set a new price target of $20.00 from $23.00 previously
4 - Columbia Financial, Inc. (0001723596) (Issuer)
8-K - Columbia Financial, Inc. (0001723596) (Filer)
8-K - Columbia Financial, Inc. (0001723596) (Filer)
8-K - Columbia Financial, Inc. (0001723596) (Filer)
4 - Columbia Financial, Inc. (0001723596) (Issuer)
4 - Columbia Financial, Inc. (0001723596) (Issuer)
4 - Columbia Financial, Inc. (0001723596) (Issuer)
FAIR LAWN, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK) (the "Company"), the mid-tier holding company for Columbia Bank (the "Bank"), announced today that Matthew Smith has been appointed as Senior Executive Vice President and Chief Operating Officer of the Company and the Bank effective as of November 25, 2024. The Company previously disclosed the retirement of E. Thomas Allen, Jr., the current Senior Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of January 31, 2025. Mr. Smith served as the Chief Digital Banking Officer and Head of Enterprise Product, Marketing and Transformation at Webster Bank from Febru
FAIR LAWN, N.J., Dec. 08, 2022 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the "Company"), and its wholly owned subsidiary Columbia Bank (the "Bank"), are pleased to announce the appointment of Mayra L. Rinaldi as Executive Vice President, Corporate Governance and Culture of the Company and the Bank. In her new role, Mrs. Rinaldi will continue to oversee the Corporate Governance, Executive Administration, Community Development and Corporate Facilities departments of the Company and the Bank. In addition, she will also continue to oversee Company's and the Bank's regulatory and SEC compliance requirements, Environmental, Social and Governance (ESG) strategy, which includes monitoring the
FAIR LAWN, N.J., July 29, 2021 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK), the parent company of Columbia Bank, is pleased to announce that Mount Laurel, New Jersey resident, Daria Torres has been appointed to the Boards of Directors of Columbia Financial and Columbia Bank effective July 27, 2021. Ms. Torres will also serve on the Audit Committee of the Company and the Bank. Ms. Torres' appointment brings the Company's total number of directors to ten, nine of whom are independent non-executive directors. Ms. Torres is the founder and Managing Partner of Walls Torres Group, LLC, a strategic management consulting firm that works with leading corporations, non-profits and