NasdaqGS:CLBK

Stock Analysis Report

Executive Summary

Columbia Financial, Inc. operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers in the United States.

Snowflake

Fundamentals

Flawless balance sheet with poor track record.


Similar Companies

Share Price & News

How has Columbia Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.1%

CLBK

1.1%

US Mortgage

1.0%

US Market


1 Year Return

-0.1%

CLBK

13.0%

US Mortgage

6.7%

US Market

Return vs Industry: CLBK underperformed the US Mortgage industry which returned 13% over the past year.

Return vs Market: CLBK underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

CLBKIndustryMarket
7 Day0.1%1.1%1.0%
30 Day0.8%-0.5%-1.8%
90 Day2.4%2.2%-1.8%
1 Year-0.1%-0.1%15.4%13.0%9.1%6.7%
3 Yearn/a40.4%30.9%46.1%36.6%
5 Yearn/a68.9%51.2%66.9%48.6%

Price Volatility Vs. Market

How volatile is Columbia Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Columbia Financial undervalued compared to its fair value and its price relative to the market?

33.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: CLBK ($15.88) is trading above our estimate of fair value ($0.02)

Significantly Undervalued: CLBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CLBK is poor value based on its PE Ratio (33.6x) compared to the Mortgage industry average (14.5x).

PE vs Market: CLBK is poor value based on its PE Ratio (33.6x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: CLBK is poor value based on its PEG Ratio (23.3x)


Price to Book Ratio

PB vs Industry: CLBK is overvalued based on its PB Ratio (1.8x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is Columbia Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLBK's forecast earnings growth (1.4% per year) is below the savings rate (2.7%).

Earnings vs Market: CLBK's earnings (1.4% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CLBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: CLBK's revenue (6.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CLBK's revenue (6.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CLBK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Columbia Financial performed over the past 5 years?

2956.3%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if CLBK's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare CLBK's past year earnings growth to its 5-year average.

Earnings vs Industry: CLBK earnings growth over the past year (2956.3%) exceeded the Mortgage industry 31.7%.


Return on Equity

High ROE: CLBK's Return on Equity (5.2%) is considered low.


Return on Assets

ROA vs Industry: CLBK's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CLBK's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Columbia Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CLBK has a low level of unsold assets or inventory.

Debt Coverage by Assets: CLBK's debt is not covered by short term assets (assets are 0.1x debt).


Financial Institutions Analysis

Asset Level: CLBK's level of assets compared to its equity is low.

Allowance for Bad Loans: CLBK has a sufficient allowance for bad loans.

Low Risk Liabilities: CLBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: CLBK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CLBK's loans are broadly funded by customer deposits.

Level of Bad Loans: CLBK has an appropriate level of bad loans (0.13%)


Next Steps

Dividend

What is Columbia Financial's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CLBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CLBK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CLBK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CLBK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Columbia Financial's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Tom Kemly (61yo)

8.8yrs

Tenure

US$1,681,487

Compensation

Mr. Thomas J. Kemly, also Known as Tom, serves as President, Chief Executive Officer and Director of Columbia Financial, Inc. (MHC). Mr. Kemly is the President & Chief Executive Officer of Columbia Bank on ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Tom's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

58yo

Average Age

Experienced Management: CLBK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

20.8yrs

Average Tenure

67yo

Average Age

Experienced Board: CLBK's board of directors are seasoned and experienced ( 20.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$127,57017 Jun 19
Elizabeth Randall
EntityIndividual
Role
Member of the Board of Directors
Director
Shares8,604
Max PriceUS$14.87
BuyUS$220,05017 Jun 19
Robert Van Dyk
EntityIndividual
Role
Member of the Board of Directors
Director
Shares15,000
Max PriceUS$14.81
BuyUS$99,64717 Jun 19
Henry Kuiken
EntityIndividual
Role
Member of the Board of Directors
Director
Shares6,742
Max PriceUS$14.78
BuyUS$36,47517 Jun 19
Thomas Kemly
EntityIndividual
Role
Chief Executive Officer
President
Shares2,500
Max PriceUS$14.59
BuyUS$19,02517 Jun 19
Mark Krukar
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares1,300
Max PriceUS$14.63
BuyUS$14,84717 Jun 19
John Klimowich
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares1,010
Max PriceUS$14.70
BuyUS$14,65017 Jun 19
Joseph Dempsey
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Commercial Banking
Shares1,000
Max PriceUS$14.65
BuyUS$14,86917 Jun 19
Dennis Gibney
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares1,000
Max PriceUS$14.87
BuyUS$20,03811 Mar 19
Allyson Schlesinger
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Consumer Banking
Shares1,250
Max PriceUS$16.03
BuyUS$15,88508 Mar 19
Joseph Dempsey
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Commercial Banking
Shares1,000
Max PriceUS$15.89
BuyUS$160,48508 Mar 19
Thomas Kemly
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$16.05
BuyUS$96,21506 Mar 19
Edward Allen
EntityIndividual
Role
Chief Operating Officer
Senior EVP & COO
Shares6,000
Max PriceUS$16.04
BuyUS$24,87806 Mar 19
John Klimowich
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares1,550
Max PriceUS$16.05
BuyUS$96,00805 Mar 19
Dennis Gibney
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares6,000
Max PriceUS$16.02
BuyUS$15,83308 Feb 19
Joseph Dempsey
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Commercial Banking
Shares1,000
Max PriceUS$15.85
BuyUS$3,09210 Dec 18
Mark Krukar
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares200
Max PriceUS$15.46
BuyUS$141,57207 Dec 18
Elizabeth Randall
EntityIndividual
Role
Member of the Board of Directors
Director
Shares9,216
Max PriceUS$15.36
BuyUS$108,88806 Dec 18
Henry Kuiken
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,025
Max PriceUS$15.50
BuyUS$9,70327 Nov 18
Henry Kuiken
EntityIndividual
Role
Member of the Board of Directors
Director
Shares626
Max PriceUS$15.50
BuyUS$39,09020 Nov 18
Mark Krukar
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares2,500
Max PriceUS$15.64
BuyUS$75,05402 Nov 18
Allyson Schlesinger
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Consumer Banking
Shares4,876
Max PriceUS$15.39
BuyUS$45,75001 Nov 18
Thomas Kemly
EntityIndividual
Role
Chief Executive Officer
President
Shares3,000
Max PriceUS$15.25
BuyUS$46,10130 Oct 18
Joseph Dempsey
EntityIndividual
Role
Senior Key Executive
Executive VP & Head of Commercial Banking
Shares3,000
Max PriceUS$15.42
BuyUS$106,40030 Oct 18
Dennis Gibney
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares7,000
Max PriceUS$15.20

Ownership Breakdown


Management Team

  • Dennis Gibney (45yo)

    Executive VP & CFO

    • Tenure: 0yrs
    • Compensation: US$717.98k
  • Tom Kemly (61yo)

    President

    • Tenure: 8.8yrs
    • Compensation: US$1.68m
  • Tom Allen (62yo)

    Senior EVP & COO

    • Tenure: 0yrs
    • Compensation: US$910.83k
  • Geri Kelly (62yo)

    Executive VP & Human Resources Officer

    • Tenure: 0yrs
  • John Klimowich (56yo)

    Executive VP & Chief Risk Officer

    • Tenure: 0yrs
  • Brian Murphy (59yo)

    Executive VP & Operations Officer

    • Tenure: 0yrs
  • Mark Krukar (58yo)

    Executive VP & Chief Credit Officer

    • Tenure: 0yrs
  • Mayra Rinaldi

    Corporate Secretary

    • Tenure: 0yrs
  • Allyson Schlesinger (47yo)

    Executive VP & Head of Consumer Banking

    • Tenure: 1.8yrs
  • Joseph Dempsey (57yo)

    Executive VP & Head of Commercial Banking

    • Tenure: 1.8yrs

Board Members

  • Raymond Hallock (76yo)

    Director

    • Tenure: 20.8yrs
    • Compensation: US$106.93k
  • Frank Czerwinski (74yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$111.86k
  • Noel Holland (68yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$191.87k
  • Henry Kuiken (76yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$108.86k
  • Robert Van Dyk (66yo)

    Director

    • Tenure: 22.8yrs
    • Compensation: US$120.29k
  • Michael Massood (65yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: US$133.77k
  • Elizabeth Randall (66yo)

    Director

    • Tenure: 16.8yrs
    • Compensation: US$106.01k
  • Tom Kemly (61yo)

    President

    • Tenure: 8.8yrs
    • Compensation: US$1.68m

Company Information

Columbia Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Columbia Financial, Inc.
  • Ticker: CLBK
  • Exchange: NasdaqGS
  • Founded: 1927
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$1.767b
  • Shares outstanding: 111.24m
  • Website: https://www.columbiabankonline.com

Number of Employees


Location

  • Columbia Financial, Inc.
  • 19-01 Route 208 North
  • Fair Lawn
  • New Jersey
  • 7410
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2018

Biography

Columbia Financial, Inc. operates as the bank holding company for Columbia Bank that provides financial services to businesses and consumers in the United States. The company offers non-interest bearing de ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:56
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.