Columbia Financial (NasdaqGS:CLBK) - Share price, News & Analysis

CLBK fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	4/6
Financial Health	6/6
Dividends	0/6

CLBK Stock Overview

Columbia Financial, Inc., a bank holding company, provides financial services to businesses and consumers in the United States.

Rewards

Earnings are forecast to grow 2.06% per year

Earnings grew by 27.2% over the past year

Risk Analysis

Shareholders have been diluted in the past year

Columbia Financial Competitors

Kearny Financial

NasdaqGS:KRNY

US$824.1m

TrustCo Bank Corp NY

NasdaqGS:TRST

US$615.8m

JPMorgan Chase

NYSE:JPM

US$385.5b

Bank of America

NYSE:BAC

US$298.3b

Price History & Performance

Summary of all time highs, changes and price drops for Columbia Financial
Historical stock prices
Current Share Price	US$20.80
52 Week High	US$22.71
52 Week Low	US$16.34
Beta	0.42
1 Month Change	6.45%
3 Month Change	-3.48%
1 Year Change	17.05%
3 Year Change	36.22%
5 Year Change	n/a
Change since IPO	34.89%

Recent News & Updates

Mar 02

Does Columbia Financial (NASDAQ:CLBK) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

	CLBK	US Mortgage	US Market
7D	2.5%	5.0%	5.9%
1Y	17.1%	-29.5%	-10.2%

Return vs Industry: CLBK exceeded the US Mortgage industry which returned -29.5% over the past year.

Return vs Market: CLBK exceeded the US Market which returned -10.2% over the past year.

Price Volatility

Is CLBK's price volatile compared to industry and market?
CLBK volatility
CLBK Average Weekly Movement	3.7%
Mortgage Industry Average Movement	3.8%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

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.

About the Company

Founded	Employees	CEO	Website
1927	680	Tom Kemly	https://www.columbiabankonline.com

Columbia Financial, Inc., a bank holding company, provides financial services to businesses and consumers in the United States. The company offers non-interest-bearing demand deposits, such as individual 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 multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, construction loans, home equity loans and advances, and other consumer loans that include automobiles and personal loans, as well as unsecured and overdraft lines of credit.

Columbia Financial Fundamentals Summary

How do Columbia Financial's earnings and revenue compare to its market cap?
CLBK fundamental statistics
Market Cap	US$2.33b
Earnings (TTM)	US$91.41m
Revenue (TTM)	US$283.61m

25.5x

P/E Ratio

2.3x

P/B Ratio

Is CLBK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CLBK income statement (TTM)
Revenue	US$283.61m
Cost of Revenue	US$0
Gross Profit	US$283.61m
Other Expenses	US$192.20m
Earnings	US$91.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.82
Gross Margin	100.00%
Net Profit Margin	32.23%
Debt/Equity Ratio	42.6%

How did CLBK perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

25.51x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CLBK ($20.8) is trading above our estimate of fair value ($9.21)

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 Price-To-Earnings Ratio (25.5x) compared to the US Mortgage industry average (12x).

PE vs Market: CLBK is poor value based on its Price-To-Earnings Ratio (25.5x) compared to the US market (15.6x).

Price to Earnings Growth Ratio

PEG Ratio: CLBK is poor value based on its PEG Ratio (12.4x)

Price to Book Ratio

PB vs Industry: CLBK is overvalued based on its Price-To-Book Ratio (2.3x) compared to the US Mortgage industry average (1x).

Future Growth

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

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

2.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLBK's forecast earnings growth (2.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CLBK's earnings (2.1% per year) are forecast to grow slower than the US market (13.2% per year).

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

Revenue vs Market: CLBK's revenue (0.6% per year) is forecast to grow slower than the US market (8.1% per year).

High Growth Revenue: CLBK's revenue (0.6% 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

Past Performance

How has Columbia Financial performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

35.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CLBK has high quality earnings.

Growing Profit Margin: CLBK's current net profit margins (32.2%) are higher than last year (28.4%).

Past Earnings Growth Analysis

Earnings Trend: CLBK's earnings have grown significantly by 35.8% per year over the past 5 years.

Accelerating Growth: CLBK's earnings growth over the past year (27.2%) is below its 5-year average (35.8% per year).

Earnings vs Industry: CLBK earnings growth over the past year (27.2%) exceeded the Mortgage industry 7.1%.

Return on Equity

High ROE: CLBK's Return on Equity (8.9%) is considered low.

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: CLBK's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: CLBK has a sufficient allowance for bad loans (1025%).

Low Risk Liabilities: 93% 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 (70%).

Low Risk Deposits: CLBK's Loans to Deposits ratio (85%) 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 Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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

Earnings 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.

Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure

CEO

Tom Kemly (63 yo)

11.33yrs

Tenure

US$2,131,936

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 ($USD2.13M) is below average for companies of similar size in the US market ($USD5.29M).

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 (2.8 years average tenure).

Board Members

Experienced Board: CLBK's board of directors are seasoned and experienced ( 16.3 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 been diluted in the past year, with total shares outstanding growing by 2.8%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/28 00:00
End of Day Share Price	2022/05/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31