Columbia financial COO Klein buys $500,000 in common stock By Investing.com

Steven M. Klein, Senior Executive Vice President and Chief Operating Officer of Columbia Financial, Inc./MD/ (), acquired 50,000 shares of common stock for a total value of $500,000 on July 20, 2026. The shares were purchased at a price of $10.0 per share.

Following this transaction, Mr. Klein directly holds 711,570 shares of common stock. The insider purchase comes as CLBK shares have surged 63% over the past year and 55% year-to-date, currently trading at $10.94. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, placing it on the platform’s Most Overvalued list. InvestingPro Tips highlight the stock’s strong momentum, with 11 additional tips available to subscribers. He also holds 95,470 shares indirectly through a 401(k) plan and 84,244 shares indirectly through an employee stock ownership plan (ESOP). The ESOP figure does not reflect the final allocation of shares from the Northfield Bank employee stock ownership plan, which was terminated effective July 10, 2026.

Additionally, Mr. Klein holds 57,000 stock options, which grant the right to buy common stock at an exercise price of $11.85. These options became exercisable on November 1, 2018, and are set to expire on November 1, 2027.

In other recent news, Columbia Financial, Inc. completed its conversion from a mutual holding company structure and finalized its merger with Northfield Bancorp, Inc. This development means Columbia Bank is now entirely owned by public stockholders, and Northfield Bank has been merged into Columbia Bank. The Federal Reserve Board approved these actions, allowing Columbia Financial to become a savings and loan holding company and complete the acquisition of Northfield Bancorp. Additionally, Columbia Financial entered into an agreement with Keefe, Bruyette & Woods, Inc. (KBW) to manage its stock offerings, with KBW serving as the lead-left book running manager. Under this agreement, KBW will receive a fee based on the aggregate purchase price of shares sold, excluding those purchased by insiders and related parties. In leadership changes, Columbia Financial appointed Thomas Splaine, Jr. as the principal financial officer and principal accounting officer for SEC reporting matters. Splaine had previously been appointed as Executive Vice President and Chief Financial Officer. These are the latest developments concerning Columbia Financial.

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