Stock BuybacksBy The Online Investor Staff, updated Fri., Sep. 18, 9:53 AM
|This Slide: #14 of 25|
Slide #14. Columbia Financial, Inc.
Columbia Financial, Inc. (NASDAQ:CLBK)
Share Amount Authorized:
Columbia Financial, Inc. (Nasdaq: CLBK) (the "Company"), the holding company for Columbia Bank, today announced that the Company's Board of Directors has authorized a new stock repurchase program to acquire up to 5,000,000 shares, or approximately 4.3%, of the Company's currently issued and outstanding common stock commencing on September 15, 2020. The stock repurchase program was adopted following the receipt of a notice of non-objection from the Federal Reserve Bank of Philadelphia.
Columbia Financial is a holding company. Through its subsidiaries, Co. provides financial services to businesses and consumers in its market areas. Co. accepts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to four-family real estate loans, construction loans, home equity loans and advances, and other consumer loans. Co. also provides title insurance through its wholly-owned subsidiary, First Jersey Title Services, Inc. Wealth management services are provided through a third party relationship.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 96% of all stocks covered)
Based on Zacks ABR data;
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