CLBK CEO Thomas Kemly Increases Stake with Recent Purchase
Thomas Kemly, President & CEO of CLBK, bought 90 shares on June 12.
Key Points
- Thomas Kemly, CEO of CLBK, purchased 90 shares at $20.7 each on June 12, 2026.
- Shares of CLBK were trading near $20.12, with institutional peers like BlackRock adjusting their positions.
- Analysts from Piper Sandler maintained a 'hold' rating with a price target of $17 as of November 24, 2025.
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Thomas Kemly, the President and CEO of CLBK, purchased 90 shares of his company's stock on June 12, 2026. He bought these shares at an average price of $20.7 each, totaling $1,863. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Columbia Financial, Inc.
Several insiders at CLBK have been active in the market recently. On June 12, along with Kemly, John Klimowich, the SEVP & Chief Risk Officer, bought 33 shares at $20.7. Noel Holland and Daria Stacy-Walls Torres also made smaller purchases on the same day. Earlier, on May 29, Kemly had acquired 92 shares at $20.13, while Klimowich added 34 shares to his holdings.
Other Institutional Activity in CLBK
Institutional investors have also been adjusting their positions in CLBK. BlackRock, Inc. reduced its holdings by 64,640 shares, ending with 2,309,717 shares valued at about $40.44 million. Conversely, Dimensional Fund Advisors LP increased its stake by 51,677 shares, totaling 2,040,794 shares worth approximately $35.73 million. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both established new positions with 1,201,220 and 1,091,647 shares respectively. State Street Corp trimmed its holdings slightly by 8,070 shares, maintaining 918,325 shares valued at $16.08 million.
Columbia Financial, Inc. Stock Up 74.0%
Shares of CLBK were trading around $20.12. The stock's recent activity reflects various institutional adjustments, with some funds increasing and others trimming their holdings.
$CLBK stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analyst firm Piper Sandler maintained its 'hold' rating on CLBK, setting a price target of $17 on November 24, 2025. The firm has consistently kept a hold rating with various targets over the past years. Meanwhile, Janney Montgomery initiated coverage with a 'buy' rating and an $18 target back in October 2023.
About CLBK
CLBK operates in the financial sector, providing banking services and products. The company is led by President and CEO Thomas Kemly and engages in activities typical of community banks, such as offering loans and accepting deposits.
Bottom Line
Thomas Kemly's recent stock purchase highlights his confidence in CLBK. Investors often track insider transactions for insights, as these can sometimes indicate management's view of the company's future. Remember, insider buying might reflect personal reasons and isn't always a signal of future performance.
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