NasdaqGS:CLBK

Stock Analysis Report

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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

Earnings are forecast to grow 10.64% per year

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

CLBKIndustryMarket
7 Day0.2%-0.4%0.3%
30 Day6.3%1.3%3.3%
90 Day26.0%13.9%14.2%
1 Year-5.7%-5.7%9.8%6.6%23.8%21.1%
3 Yearn/a19.1%9.8%45.0%35.4%
5 Yearn/a93.1%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

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

NamePositionTenureCompensationOwnership
Thomas Kemly
President10yrsUS$11.13m0.39%
$ 6.9m
Dennis Gibney
Executive VP & CFOno dataUS$3.50m0.17%
$ 2.9m
Edward Allen
Senior EVP & COOno dataUS$4.96m0.16%
$ 2.8m
John Klimowich
Executive VP & Chief Risk Officerno dataUS$3.51m0.095%
$ 1.7m
Allyson Schlesinger
Executive VP & Head of Consumer Banking3yrsUS$2.38m0.067%
$ 1.2m
Damodaram Bashyam
Executive VP and Chief Information & Digital Officerno datano data0.037%
$ 650.7k
Geri Kelly
Executive VP & Human Resources Officerno datano data0.11%
$ 1.9m
Brian Murphy
Executive VP & Operations Officerno datano data0.059%
$ 1.0m
Joseph Dempsey
Executive VP & Head of Commercial Banking3yrsno datano data
Oliver Lewis
Executive VP & Head of Commercial Bankingno datano data0.0073%
$ 128.1k
Mayra Rinaldi
Corporate Secretaryno datano datano data

3.0yrs

Average Tenure

58yo

Average Age

Experienced Management: CLBK's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Kemly
President10yrsUS$11.13m0.39%
$ 6.9m
Frank Czerwinski
Independent Director27yrsUS$1.01m0.081%
$ 1.4m
Noel Holland
Independent Chairman of the Boardno dataUS$1.09m0.076%
$ 1.3m
Robert Van Dyk
Independent Director24yrsUS$1.02m0.12%
$ 2.1m
Michael Massood
Independent Director18yrsUS$1.03m0.080%
$ 1.4m
Elizabeth Randall
Independent Director18yrsUS$997.57k0.077%
$ 1.4m
Paul Van Ostenbridge
Independent Director1.17yrsUS$15.20k0.0083%
$ 145.4k
James Kuiken
Independent Director0.67yrno data0.0044%
$ 76.5k
Lucy Sorrentini
Independent Director0.67yrno data0.0033%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2018
64HMUN (Boerse Muenchen)YesCommon StockDEEURApr 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 Analysis2021/01/21 00:13
End of Day Share Price2021/01/20 00:00
Earnings2020/09/30
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.