|Bid||16.45 x 800|
|Ask||16.93 x 800|
|Day's Range||16.00 - 17.14|
|52 Week Range||15.30 - 17.73|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.00|
In connection with the closing, Columbia Financial issued 62,580,155 shares of its common stock to Columbia Bank MHC, the Company's mutual holding company, 3,476,675 shares to the Columbia Bank Foundation, Columbia Bank's charitable foundation, and 49,832,345 shares to depositors of the Bank who subscribed for and were allocated shares in the minority stock offering, as well as the Columbia Bank Employee Stock Ownership Plan. The results of the stock offering were previously reported in the Company's press release dated April 17, 2018. Sandler O'Neill & Partners, L.P. acted as marketing agent and Kilpatrick Townsend & Stockton LLP acted as legal counsel for Columbia Financial in connection with the offering.
FAIR LAWN, N.J., April 17, 2018 /PRNewswire/ -- Columbia Financial, Inc. ("Columbia Financial" or the "Company"), the holding company for Columbia Bank (the "Bank"), announced today that the Company has received all regulatory approvals for the completion of the Company's minority stock offering, and expects to close the offering at the close of business on April 19, 2018. Following the closing of the offering, Columbia Bank will remain a wholly-owned subsidiary of Columbia Financial, Inc., and Columbia Financial will be a majority-owned subsidiary of Columbia Bank MHC.