Analysts Offer Insights on Financial Companies: Trustmark (TRMK) and Columbia Financial (CLBK)
TipRanks (Tue, 26-Mar 7:11 AM ET)
Globe Newswire (Thu, 25-Jan 4:05 PM ET)
Columbia Financial Inc is a federally chartered savings bank that serves the financial needs of depositors and the local community as a community-minded, customer service-focused institution. It offers traditional financial services to businesses and consumers. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans, and also offers a broad range of insurance products, investment solutions, and wealth management services.
Columbia Financial trades on the NASDAQ stock market under the symbol CLBK.
As of March 28, 2024, CLBK stock price climbed to $17.28 with 15,949 million shares trading.
CLBK has a beta of 0.62, meaning it tends to be less sensitive to market movements. CLBK has a correlation of 0.05 to the broad based SPY ETF.
CLBK has a market cap of $1.81 billion. This is considered a Small Cap stock.
Last quarter Columbia Financial reported $57 million in Revenue and $.10 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.03.
In the last 3 years, CLBK stock traded as high as $22.86 and as low as $14.11.
The top ETF exchange traded funds that CLBK belongs to (by Net Assets): VTI, IWM, VB, VBR, VXF.
CLBK has underperformed the market in the last year with a return of -4.7%, while the SPY ETF gained +33.7%. In the last 3 month period, CLBK fell short of the market, returning -12.6%, while SPY returned +10.1%. However, in the most recent 2 weeks CLBK has outperformed the stock market by returning +7.1%, while SPY returned +1.7%.
CLBK support price is $16.57 and resistance is $17.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CLBK stock will trade within this expected range on the day.