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Trade Alert: The Independent Director Of Columbia Financial, Inc. (NASDAQ:CLBK), Robert Van Dyk, Has Just Spent US$176k Buying Shares

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Investors who take an interest in Columbia Financial, Inc. (NASDAQ:CLBK) should definitely note that the Independent Director, Robert Van Dyk, recently paid US$14.70 per share to buy US$176k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 11%.

View our latest analysis for Columbia Financial

The Last 12 Months Of Insider Transactions At Columbia Financial

In fact, the recent purchase by Independent Director Robert Van Dyk was not their only acquisition of Columbia Financial shares this year. Earlier in the year, they paid US$14.81 per share in a US$220k purchase. That means that even when the share price was higher than US$14.24 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Columbia Financial insiders were buying shares, but not selling. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

NasdaqGS:CLBK Recent Insider Trading, March 12th 2020
NasdaqGS:CLBK Recent Insider Trading, March 12th 2020

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of Columbia Financial

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. Columbia Financial insiders own about US$28m worth of shares. That equates to 1.8% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Columbia Financial Insider Transactions Indicate?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Columbia Financial insiders are well aligned, and that they may think the share price is too low. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.