NasdaqGS:CLBK

Stock Analysis Report

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Market Cap

US$2.0b

Last Updated

2021/07/31 06:21 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


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CLBK's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.7%

CLBK

0.9%

US Mortgage

-0.5%

US Market


1 Year Return

50.0%

CLBK

48.6%

US Mortgage

35.9%

US Market

Return vs Industry: CLBK exceeded the US Mortgage industry which returned 48.6% over the past year.

Return vs Market: CLBK exceeded the US Market which returned 35.9% over the past year.


Shareholder returns

CLBKIndustryMarket
7 Day2.7%0.9%-0.5%
30 Day3.9%-4.6%0.3%
90 Day-1.3%-12.5%3.1%
1 Year50.0%50.0%53.0%48.6%38.0%35.9%
3 Year8.4%8.4%24.8%15.3%62.9%52.7%
5 Yearn/a64.3%39.8%121.7%97.3%

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

Valuation

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

23.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CLBK ($18.04) is trading above our estimate of fair value ($5.82)

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 (23.2x) compared to the US Mortgage industry average (12x).

PE vs Market: CLBK is poor value based on its PE Ratio (23.2x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: CLBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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).


Future Growth

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

-8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLBK's earnings are forecast to decline over the next 3 years (-8.3% per year).

Earnings vs Market: CLBK's earnings are forecast to decline over the next 3 years (-8.3% per year).

High Growth Earnings: CLBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CLBK's revenue is expected to decline over the next 3 years (-4.5% per year).

High Growth Revenue: CLBK's revenue is forecast to decline over the next 3 years (-4.5% 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


Past Performance

How has Columbia Financial performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLBK has high quality earnings.

Growing Profit Margin: CLBK's current net profit margins (30.9%) are higher than last year (23.8%).


Past Earnings Growth Analysis

Earnings Trend: CLBK's earnings have grown significantly by 29.8% per year over the past 5 years.

Accelerating Growth: CLBK's earnings growth over the past year (68.2%) exceeds its 5-year average (29.8% per year).

Earnings vs Industry: CLBK earnings growth over the past year (68.2%) exceeded the Mortgage industry 39.5%.


Return on Equity

High ROE: CLBK's Return on Equity (8.1%) is considered low.


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 (8.8x) is low.

Allowance for Bad Loans: CLBK has a sufficient allowance for bad loans (1620%).

Low Risk Liabilities: 88% 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 (66%).

Low Risk Deposits: CLBK's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: CLBK has an appropriate level of bad loans (0.1%).


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?

3.5yrs

Average management tenure


CEO

Tom Kemly (63 yo)

10.5yrs

Tenure

US$3,617,871

Compensation

Mr. Thomas J. Kemly, also Known as Tom, has been Chief Executive Officer and President of Columbia Financial, Inc. since 2011 and its Director since 2006. Mr. Kemly serves as Director of Federal Home Loan ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD3.62M) is about average for companies of similar size in the US market ($USD3.66M).

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


Leadership Team

Experienced Management: CLBK's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: CLBK's board of directors are seasoned and experienced ( 15.5 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$1.967b
  • Shares outstanding: 109.05m
  • 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


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 Analysis2021/07/31 06:21
End of Day Share Price2021/07/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.