Columbia Financial (CLBK) Stock Surges After 5.11% Spike

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Nov 11, 2024
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Columbia Financial, Inc. (CLBK, Financial) experienced significant stock movement with a 5.11% increase in its share price. The stock is now valued at $19.22 per share, with a trading volume of 118,557 shares and a turnover rate of 0.11%, alongside a volatility of 3.45%.

According to the latest financial report, Columbia Financial has reported operating revenue of $125 million and a net profit of $6.19 million, translating to earnings per share of $0.06. The stock currently holds a price-to-earnings (P/E) ratio of 127.87. However, there are no institutional ratings like "buy", "hold", or "sell" available for the stock at this moment.

In the banking sector, where Columbia Financial operates, the overall growth is at 1.02%. Noteworthy stocks in this sector include Blue Ridge Bankshares, Inc., Newtekone, Inc., and The Bancorp, Inc., which have shown substantial gains. Active stocks in turnover include Old Point Financial Corporation and William Penn Bancorporation. Stocks with significant volatility include Better Home & Finance Holding C/Wts 22/08/2028, 泛华金融 (Fan Hua Financial), and Shf Holdings, Inc., with respective volatilities of 39.26%, 18.11%, and 14.29%.

Columbia Financial, Inc. is a federally chartered savings bank focusing on community and customer-centric financial services, catering to depositors and local community financial needs. The company offers a range of traditional financial services for both businesses and consumers, including multifamily and commercial real estate loans, commercial loans, residential real estate loans, construction loans, home equity loans, and consumer loans. Additionally, Columbia Financial provides extensive insurance products, investment solutions, and wealth management services.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.