NasdaqGS:CLBK

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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.

Rewards

Earnings are forecast to grow 13.99% per year

Earnings grew by 78% over the past year

Risk Analysis

No risks detected for CLBK from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid 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

Stable Share Price: CLBK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-5.6%

CLBK

2.4%

US Mortgage

2.3%

US Market


1 Year Return

-16.7%

CLBK

-26.6%

US Mortgage

6.7%

US Market

Return vs Industry: CLBK exceeded the US Mortgage industry which returned -26.6% over the past year.

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


Shareholder returns

CLBKIndustryMarket
7 Day-5.6%2.4%2.3%
30 Day-5.9%10.5%6.0%
90 Day-13.2%42.3%18.9%
1 Year-16.7%-16.7%-24.7%-26.6%9.0%6.7%
3 Yearn/a29.8%20.6%36.6%27.7%
5 Yearn/a-3.7%-14.0%64.2%46.1%

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?

30.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CLBK ($12.87) is trading above our estimate of fair value ($0.64)

Significantly Below Fair Value: 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 (30.5x) compared to the US Mortgage industry average (10.8x).

PE vs Market: CLBK is poor value based on its PE Ratio (30.5x) compared to the US market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: CLBK is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: CLBK is overvalued based on its PB Ratio (1.5x) compared to the US Mortgage industry average (0.8x).


Next Steps

Future Growth

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

14.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLBK's forecast earnings growth (14% per year) is above the savings rate (2.2%).

Earnings vs Market: CLBK's earnings (14% per year) are forecast to grow slower than the US market (22.9% per year).

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

Revenue vs Market: CLBK's revenue (3.8% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: CLBK's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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?

26.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLBK has high quality earnings.

Growing Profit Margin: CLBK's current net profit margins (23.4%) are higher than last year (14.1%).


Past Earnings Growth Analysis

Earnings Trend: CLBK's earnings have grown significantly by 26.9% per year over the past 5 years.

Accelerating Growth: CLBK's earnings growth over the past year (78%) exceeds its 5-year average (26.9% per year).

Earnings vs Industry: CLBK earnings growth over the past year (78%) exceeded the Mortgage industry 4.9%.


Return on Equity

High ROE: CLBK's Return on Equity (4.8%) is considered low.


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


Financial Institutions Analysis

Asset Level: CLBK's Assets to Equity ratio (8.7x) is low.

Allowance for Bad Loans: CLBK has a sufficient allowance for bad loans (668%).

Low Risk Liabilities: 78% of CLBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: CLBK has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: CLBK's Loans to Deposits ratio (107%) is appropriate.

Level of Bad Loans: CLBK has an appropriate level of bad loans (0.2%).


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Tom Kemly (62yo)

9.5yrs

Tenure

US$11,132,003

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: Tom's total compensation ($USD11.13M) is above average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Kemly
President9.5yrsUS$11.13m0.37% $5.4m
Dennis Gibney
Executive VP & CFOno dataUS$3.50m0.16% $2.2m
Edward Allen
Senior EVP & COOno dataUS$4.96m0.16% $2.3m
John Klimowich
Executive VP & Chief Risk Officerno dataUS$3.51m0.093% $1.3m
Allyson Schlesinger
Executive VP & Head of Consumer Banking2.5yrsUS$2.38m0.066% $943.6k
Damodaram Bashyam
Executive VP and Chief Information & Digital Officerno datano data0.033% $476.9k
Geri Kelly
Executive VP & Human Resources Officerno datano data0.11% $1.5m
Mark Krukar
Executive VP & Chief Credit Officerno datano data0.089% $1.3m
Brian Murphy
Executive VP & Operations Officerno datano data0.059% $848.9k
Joseph Dempsey
Executive VP & Head of Commercial Banking2.5yrsno datano data
Mayra Rinaldi
Corporate Secretaryno datano datano data

2.5yrs

Average Tenure

58.5yo

Average Age

Experienced Management: CLBK's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Kemly
President9.5yrsUS$11.13m0.37% $5.4m
Frank Czerwinski
Independent Director26.5yrsUS$1.01m0.080% $1.1m
Noel Holland
Independent Chairman of the Boardno dataUS$1.09m0.075% $1.1m
Robert Van Dyk
Independent Director23.5yrsUS$1.02m0.12% $1.7m
Michael Massood
Independent Director17.5yrsUS$1.03m0.079% $1.1m
Elizabeth Randall
Independent Director17.5yrsUS$997.57k0.076% $1.1m
Paul Van Ostenbridge
Independent Director0.67yrUS$15.20k0.0052% $75.0k
James Kuiken
Independent Director0.17yrno data0.0013% $19.3k
Lucy Sorrentini
Independent Director0.17yrno data0.00027% $3.9k

16.0yrs

Average Tenure

67yo

Average Age

Experienced Board: CLBK's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CLBK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$1.440b
  • Shares outstanding: 111.89m
  • 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 demand deposits, such as individual checking 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 commercial real estate and multifamily loans, one- to four-family residential loans, commercial business loans, construction loans, home equity loans and advances, and other consumer loans. In addition, the company offers title insurance products; and wealth management services. It operates 50 full-service banking offices in 10 of New Jersey’s 21 counties. The company was founded in 1927 and is headquartered in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 07:09
End of Day Share Price2020/07/10 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.