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 |
4 - Columbia Financial, Inc. (0001723596) (Issuer)
4 - Columbia Financial, Inc. (0001723596) (Issuer)
4 - Columbia Financial, Inc. (0001723596) (Issuer)
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
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
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., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK) (the "Company"), the mid-tier holding company for Columbia Bank, announced today the completion of the merger of Freehold Bank with and into Columbia Bank, effective as of October 5, 2024. Prior to the bank merger, Freehold Bank and Columbia Bank were held and operated as separate subsidiaries of the Company. In connection with the completion of the bank merger, James H. Wainwright, President and Chief Executive Officer of Freehold Bank, was appointed to the Board of Directors of Columbia Bank. About Columbia Financial, Inc. Columbia Financial, Inc. is a Delaware corporation organized as Columbia B
FAIR LAWN, N.J., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ:CLBK) (the "Company"), the mid-tier holding company for Columbia Bank and Freehold Bank, announced today that Columbia Bank has received the requisite regulatory approval from the Office of the Comptroller of the Currency necessary to merge Freehold Bank with and into Columbia Bank. The transaction is expected to be completed on October 5, 2024, which is also the anticipated systems conversion date for the merger. The closing of the merger is subject to customary closing conditions. About Columbia Financial, Inc. Columbia Financial, Inc. is a Delaware corporation organized as Columbia Bank's mid-tier sto
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
4 - Columbia Financial, Inc. (0001723596) (Issuer)
8-K - Columbia Financial, Inc. (0001723596) (Filer)
10-Q - Columbia Financial, Inc. (0001723596) (Filer)
8-K - Columbia Financial, Inc. (0001723596) (Filer)
Piper Sandler analyst Mark Fitzgibbon maintains Columbia Financial (NASDAQ:CLBK) with a Neutral and lowers the price target from $19 to $17.
Columbia Financial (NASDAQ:CLBK) reported quarterly losses of $(0.01) per share which missed the analyst consensus estimate of $0.05 by 120 percent. This is a 105.26 percent decrease over earnings of $0.19 per share from the same period last year. The company reported quarterly sales of $49.66 million which beat the analyst consensus estimate of $42.99 million by 15.51 percent. This is a 28.01 percent decrease over sales of $68.97 million the same period last year.
Piper Sandler analyst Mark Fitzgibbon maintains Columbia Financial (NASDAQ:CLBK) with a Neutral and maintains $19 price target.