Columbia Financial
Market Cap
US$1.8b
Last Updated
2021/01/21 00:13 UTC
Data Sources
Company Financials +
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. More Details
Rewards
Risk Analysis
No risks detected for CLBK from our risk checks.
Snowflake Analysis
Flawless balance sheet with questionable 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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CLBK's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.2%
CLBK
-0.4%
US Mortgage
0.3%
US Market
1 Year Return
-5.7%
CLBK
6.6%
US Mortgage
21.1%
US Market
Return vs Industry: CLBK underperformed the US Mortgage industry which returned 6.6% over the past year.
Return vs Market: CLBK underperformed the US Market which returned 21.1% over the past year.
Shareholder returns
| CLBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -0.4% | 0.3% |
| 30 Day | 6.3% | 1.3% | 3.3% |
| 90 Day | 26.0% | 13.9% | 14.2% |
| 1 Year | -5.7%-5.7% | 9.8%6.6% | 23.8%21.1% |
| 3 Year | n/a | 19.1%9.8% | 45.0%35.4% |
| 5 Year | n/a | 93.1%65.5% | 127.7%102.3% |
Long-Term 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
1 month ago | Simply Wall St
How Many Columbia Financial, Inc. (NASDAQ:CLBK) Shares Did Insiders Buy, In The Last Year?2 months ago | Simply Wall St
Could The Columbia Financial, Inc. (NASDAQ:CLBK) Ownership Structure Tell Us Something Useful?Valuation
Is Columbia Financial undervalued compared to its fair value and its price relative to the market?
34.69x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CLBK ($15.91) is trading above our estimate of fair value ($1.79)
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 (34.7x) compared to the US Mortgage industry average (13.2x).
PE vs Market: CLBK is poor value based on its PE Ratio (34.7x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: CLBK is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: CLBK is overvalued based on its PB Ratio (1.7x) compared to the US Mortgage industry average (0.9x).
Next Steps
Future Growth
How is Columbia Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
10.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLBK's forecast earnings growth (10.6% per year) is above the savings rate (2%).
Earnings vs Market: CLBK's earnings (10.6% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: CLBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: CLBK's revenue (1.8% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: CLBK's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CLBK's Return on Equity is forecast to be low in 3 years time (5.8%).
Next Steps
Past Performance
How has Columbia Financial performed over the past 5 years?
25.9%
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%) are lower than last year (28.7%).
Past Earnings Growth Analysis
Earnings Trend: CLBK's earnings have grown significantly by 25.9% per year over the past 5 years.
Accelerating Growth: CLBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CLBK had negative earnings growth (-9.9%) over the past year, making it difficult to compare to the Mortgage industry average (2.7%).
Return on Equity
High ROE: CLBK's Return on Equity (5%) 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 (698%).
Low Risk Liabilities: 84% 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 (72%).
Low Risk Deposits: CLBK's Loans to Deposits ratio (96%) 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?
3.0yrs
Average management tenure
CEO
Tom Kemly (62 yo)
10yrs
Tenure
US$11,132,003
Compensation
Mr. Thomas J. Kemly, also Known as Tom, has been Independent Director of Federal Home Loan Bank of New York since January 1, 2021. Mr. Kemly was appointed President and Chief Executive Officer of Columbia ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD11.13M) is above average for companies of similar size in the US market ($USD3.83M).
Compensation vs Earnings: Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10yrs | US$11.13m | 0.39% $ 6.9m | |
| Executive VP & CFO | no data | US$3.50m | 0.17% $ 2.9m | |
| Senior EVP & COO | no data | US$4.96m | 0.16% $ 2.8m | |
| Executive VP & Chief Risk Officer | no data | US$3.51m | 0.095% $ 1.7m | |
| Executive VP & Head of Consumer Banking | 3yrs | US$2.38m | 0.067% $ 1.2m | |
| Executive VP and Chief Information & Digital Officer | no data | no data | 0.037% $ 650.7k | |
| Executive VP & Human Resources Officer | no data | no data | 0.11% $ 1.9m | |
| Executive VP & Operations Officer | no data | no data | 0.059% $ 1.0m | |
| Executive VP & Head of Commercial Banking | 3yrs | no data | no data | |
| Executive VP & Head of Commercial Banking | no data | no data | 0.0073% $ 128.1k | |
| Corporate Secretary | no data | no data | no data |
3.0yrs
Average Tenure
58yo
Average Age
Experienced Management: CLBK's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10yrs | US$11.13m | 0.39% $ 6.9m | |
| Independent Director | 27yrs | US$1.01m | 0.081% $ 1.4m | |
| Independent Chairman of the Board | no data | US$1.09m | 0.076% $ 1.3m | |
| Independent Director | 24yrs | US$1.02m | 0.12% $ 2.1m | |
| Independent Director | 18yrs | US$1.03m | 0.080% $ 1.4m | |
| Independent Director | 18yrs | US$997.57k | 0.077% $ 1.4m | |
| Independent Director | 1.17yrs | US$15.20k | 0.0083% $ 145.4k | |
| Independent Director | 0.67yr | no data | 0.0044% $ 76.5k | |
| Independent Director | 0.67yr | no data | 0.0033% $ 57.6k |
16.5yrs
Average Tenure
67yo
Average Age
Experienced Board: CLBK's board of directors are seasoned and experienced ( 16.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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$1.755b
- Shares outstanding: 110.34m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLBK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2018 |
| 64H | MUN (Boerse Muenchen) | Yes | Common Stock | DE | EUR | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 00:13 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.