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Columbia Financial Inc Stock Research

CLBK

18.14USD-0.34(-1.84%)Market Closed

Market Summary

USD18.14-0.34
Market Closed
-1.84%

CLBK Alerts

CLBK Stock Price

CLBK RSI Chart

CLBK Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

22.94

Price/Sales (Trailing)

6.38

EV/EBITDA

7.77

Price/Free Cashflow

14.65

CLBK Price/Sales (Trailing)

CLBK Profitability

EBT Margin

37.74%

Return on Equity

8.18%

Return on Assets

0.83%

Free Cashflow Yield

6.83%

CLBK Fundamentals

CLBK Revenue

Revenue (TTM)

309.7M

Revenue Y/Y

28.22%

Revenue Q/Q

10.02%

CLBK Earnings

Earnings (TTM)

86.2M

Earnings Y/Y

-6.18%

Earnings Q/Q

4.65%

Price Action

52 Week Range

16.1322.86
(Low)(High)

Last 7 days

2.0%

Last 30 days

-13.6%

Last 90 days

-15.6%

Trailing 12 Months

-17.4%

CLBK Financial Health

Debt/Equity

1.07

Debt/Cashflow

0.13

CLBK Investor Care

Shares Dilution (1Y)

1.42%

Diluted EPS (TTM)

0.81

Peers (Alternatives to Columbia Financial)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
380.5B
128.7B
-8.83% -7.16%
10.1
2.96
5.79% -22.05%
227.8B
95.0B
-16.18% -33.23%
8.28
2.4
6.55% -13.92%
142.3B
54.0B
-19.63% -27.36%
10.79
2.63
36.10% -38.82%
52.3B
17.9B
-26.81% -37.12%
8.98
2.91
33.05% -26.85%
51.3B
21.1B
-21.12% -34.60%
8.39
2.43
9.94% 6.78%
MID-CAP
6.0B
2.1B
-1.01% -14.94%
9.26
2.88
23.86% 9.06%
3.6B
456.2M
-12.10% -23.41%
44.2
7.81
20.21% 11.74%
2.9B
2.5B
-15.55% -17.06%
2.28
1.03
-25.74% -36.52%
2.3B
847.7M
-21.16% -19.77%
8.67
2.66
34.99% 13.45%
2.0B
607.0M
4.16% -12.99%
7.39
3.3
-48.30% -54.98%
2.0B
309.7M
-13.62% -17.43%
22.94
6.38
14.63% -6.38%
SMALL-CAP
1.5B
466.2M
-16.18% -14.42%
8.38
3.16
84.75% 4.60%
1.2B
305.1M
-17.82% -24.09%
8.2
3.79
0.26% -29.77%
756.3M
277.7M
-15.47% -29.87%
7.4
2.72
14.01% -18.93%
346.0M
304.3M
-27.45% -60.31%
5.2
1.14
24.56% -42.35%

Financials for Columbia Financial

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue6.7%310290276271270
EBITDA-0.4%376378367371-
EBITDA Margin-6.6%1.21*1.30*1.33*1.37*-
Earnings Before Taxes-1.3%117118119125126
EBT Margin-7.4%0.38*0.41*0.43*0.46*-
Interest Expenses4.8%259248239233-
Net Income-1.6%86.0088.0088.0091.0092.00
Net Income Margin-7.8%0.28*0.30*0.32*0.34*-
Free Cahsflow-1.7%13513797.00-44.65-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets4.0%10,40810,0129,7519,2379,224
    Cash Equivalents75.6%17910210996.0071.00
  Net PPE-0.4%84.0084.0084.0078.0079.00
  Goodwill-85.00----
Liabilities4.1%9,3558,9838,6778,2058,145
  Long Term Debt67.2%1,127674420433377
Shareholder's Equity2.3%1,0541,0301,0741,0321,079
  Retained Earnings2.6%858836815792765
  Additional Paid-In Capital0.2%781779777671668
Accumulated Depreciation-67.00----
Shares Outstanding-0.9%109110111106107
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.9%142143101-40.7899.00
  Share Based Compensation-6.1%7.008.008.009.009.00
Cashflow From Investing-169.3%-614-228-128-167-443
Cashflow From Financing620.5%581-111-250-55.36-7.09
  Buy Backs-94.7%5.0086.0082.0076.00108

Risks for CLBK

What is the probability of a big loss on CLBK?

26.1%


Probability that Columbia Financial stock will be more than 20% underwater in next one year

11.9%


Probability that Columbia Financial stock will be more than 30% underwater in next one year.

0%


Probability that Columbia Financial stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CLBK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Columbia Financial was unfortunately bought at previous high price.

Drawdowns

Returns for CLBK

Cumulative Returns on CLBK

9.3%


3-Year Cumulative Returns

Which funds bought or sold CLBK recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
unchanged
-
8,386
370,005
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
49.34
243,844
706,844
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
7,219
323,219
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
added
2.95
49,548
981,548
-%
2023-02-15
JANE STREET GROUP, LLC
sold off
-100
-384,000
-
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
845
43,845
-%
2023-02-14
Legal & General Group Plc
added
1.32
22,671
643,671
-%
2023-02-14
RHUMBLINE ADVISERS
added
0.18
27,000
1,101,000
-%
2023-02-14
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-0.03
23,313
1,020,310
-%
2023-02-14
NORGES BANK
new
-
5,678,490
5,678,490
-%

1–10 of 47

Latest Funds Activity

Are funds buying CLBK calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CLBK
No. of Funds

Columbia Financial News

Defense World

Provident Financial Services (NYSE:PFS) & Columbia Financial ....

Defense World,
7 days ago

MarketBeat

Small Cap Stocks List 2023.

MarketBeat,
7 months ago

CLBK Fair Value

Columbia Financial fair value in different scenarios

The table shows the Fair Value estimates for Columbia Financial for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

9.73

-46.36%

13.09

-27.84%

21.46

18.30%

34.38

89.53%

38.95

114.72%
Current Inflation

8.73

-51.87%

11.57

-36.22%

18.62

2.65%

29.40

62.07%

33.21

83.08%
Very High Inflation

7.49

-58.71%

9.76

-46.20%

15.29

-15.71%

23.71

30.71%

26.65

46.91%

Historical Columbia Financial Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Columbia Financial

View All Filings
Date Filed Form Type Document
Mar 23, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading

Latest Insider Trading transactions for CLBK

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-21
Jennings William Justin
sold (taxes)
-56,176
18.94
-2,966
evp, operations officer
2023-03-14
Gibney Dennis E.
bought
35,200
17.6
2,000
evp & chief financial officer
2023-03-14
Kemly Thomas J.
bought
43,975
17.59
2,500
president & ceo
2023-03-10
Lewis Oliver Edward Jr
acquired
1,480
19.28
76.8034
evp & head commercial banking
2023-03-10
Jennings William Justin
acquired
1,000
19.28
51.8672
evp, operations officer
2023-03-10
Rickert Matthew William
acquired
1,250
19.28
64.834
evp & chief credit officer
2023-03-10
Schlesinger Allyson Katz
acquired
1,615
19.28
83.7858
evp & head of consumer banking
2023-03-10
Kemly Thomas J.
acquired
2,076
19.28
107
president & ceo
2023-03-10
Klimowich John
acquired
615
19.28
31.9181
evp & chief risk officer
2023-03-10
Randall Elizabeth E.
acquired
1,672
19.28
86.7697
-

1–10 of 50

Thomas J. Kemly
710
Columbia Financial, Inc., a bank holding company, provides financial services to businesses and consumers in the United States. The company offers non-interest-bearing demand deposits, such as individual and commercial checking accounts; interest bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit. It also provides loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, construction loans, home equity loans and advances, and other consumer loans that include automobiles and personal loans, as well as unsecured and overdraft lines of credit. In addition, the company offers title insurance products; wealth management services; and cash management services, including remote deposit, lockbox service, and sweep accounts. As of December 31, 2021, it operated 62 full-service banking offices in 12 of New Jersey's 21 counties; and 2 branch offices in Freehold, New Jersey. The company was founded in 1927 and is headquartered in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC.

CLBK Income Statement

2022-12-31
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income:   
Loans receivable$ 263,559$ 228,841$ 255,236
Debt securities available for sale and equity securities34,22130,21128,376
Debt securities held to maturity9,6948,6328,025
Federal funds and interest-earning deposits474430413
Federal Home Loan Bank stock dividends1,7222,0363,661
Total interest income309,670270,150295,711
Interest expense:   
Deposits27,87829,10955,246
Borrowings15,0157,90718,892
Total interest expense42,89337,01674,138
Net interest income266,777233,134221,573
Provision for (reversal of) credit losses[1]5,485(9,953)18,447
Net interest income after provision for (reversal of) credit losses261,292243,087203,126
Non-interest income:   
Bank-owned life insurance7,3935,9946,620
Gain on securities transactions2102,025370
Change in fair value of equity securities(401)(1,792)767
Gain on sale of loans17810,7905,444
Other non-interest income10,3808,9406,983
Total non-interest income (loss)30,40038,83131,270
Non-interest expense:   
Compensation and employee benefits116,92699,534100,687
Occupancy22,58920,07119,170
Federal deposit insurance premiums2,5912,3741,901
Advertising2,8652,3582,641
Professional fees8,1587,3635,810
Data processing and software expenses13,36211,49710,285
Merger-related expenses2,8108221,931
Loss on extinguishment of debt02,8511,158
Other non-interest expense5,5158,86714,556
Total non-interest expense174,816155,737158,139
Income before income tax expense116,876126,18176,257
Income tax expense30,70334,13218,654
Net income$ 86,173$ 92,049$ 57,603
Earnings per share - basic (in dollars per share)$ 0.82$ 0.88$ 0.52
Earnings per share - diluted (in dollars per share)$ 0.81$ 0.88$ 0.52
Weighted average shares outstanding - basic (in shares)105,580,823104,156,112109,755,924
Weighted average shares outstanding - diluted (in shares)106,193,161104,156,112109,755,924
Demand deposit account fees   
Non-interest income:   
Revenue$ 5,293$ 3,803$ 3,633
Title insurance fees   
Non-interest income:   
Revenue3,4236,0885,034
Loan fees and service charges   
Non-interest income:   
Revenue$ 3,924$ 2,983$ 2,419
[1](1) The Company adopted ASU 2016-13 as of January 1, 2022. Prior year periods have not been restated.