CLBK
Columbia Financial, Inc.
Mature Trend, sector confirmed; strongest on regime (20/20); weakest on insider signal (5/20). OBV distorted by a 59x volume day — sponsorship read unreliable; last earnings neutral (+0.4%).
Mature Trend
XLF
sector confirmed
$500,000 CFO$4,278,740 other insiders (15)
16 insider(s)
net purchase ratio +1.00
37d since buy
72
conviction / 100
-5.2 since 25 Aug
84.2
technical / 100
$17,500–$24,500
Standard · sized down 30% for campaign stage (Mature Trend)
Regime clarity20.0
Sponsorship / positioning10.5
Volatility behaviour20.0
Catalyst alignment (insider)5.0
Cross-asset confirmation16.9
Last
11.65
Add above
12.00
Cut below
10.46
50DMA
10.40
200DMA
8.57
CLBK — daily, 14 months
XLF — sector ETF, daily, 14 months
Pillar detail, thesis support and invalidation
Regime clarity
What strengthens the thesis
- price above 200DMA
- 200DMA rising
- 50DMA rising
- higher highs and higher lows
- efficiency ratio 0.34
- OBV 50d slope +0.234 avg-daily-volumes/bar
- price/volume history is NOT one continuous security — volume stepped to 6.7x its prior level. A conversion, large secondary or stock merger changes the share count, so the 200DMA averages two capital structures and OBV sums two different securities. Read this pillar with suspicion.
- 7 day(s) above 10x median volume (peak 59x) — OBV distorted by an event, sponsorship read unreliable
- no OBV divergence at highs
- OBV fell through last pullback
- last pullback 4.5% deep
- no wide downside expansion bars (30d)
- ATR contracting vs 20d mean
- 16 insiders bought on 2026-07-20 at exactly $10.00 — an offering or subscription, not independent decisions; excluded from the insider signal
- single insider — no cluster (1 CFO, 1 CEO, 1 COO, 3 Other C-suite, 1 Officer, 7 Director, 2 Unclassified)
- net purchase ratio +1.00 (16 buying vs 0 selling)
- no CFO purchase outside the offering — the CFO-specific terms score zero
- no CFO buy to date — recency not scored
- closest sector ETF: XLF
- XLF above rising 200DMA (sector-led)
- XLF vs SPY 6m: +3.3 pts
- stock vs XLF RS (3m/6m avg): +20.7 pts
- A confirmed higher high above 12.00 on expanding OBV.
- Pullbacks that hold the rising 50DMA with flat-to-rising OBV.
- XLF extending its own trend while the stock holds relative strength.
- Loss of the rising 50DMA (10.40) with expanding volatility — reduce.
- Breakdown below the prior structural base (10.46) — exit, no averaging down.
- OBV divergence during a price acceleration — reduce.
- Sector ETF losing its own 200DMA — remove capital regardless of stock behaviour.
- CFO: Splaine Thomas Jr — EVP, CFO
- 1 CFO purchase(s), $500,000 total; last filed 2026-07-22 21:20:58
- Market cap $1,215,400,192 · 20d avg dollar volume $56,461,577
Net buying across the insider group.
| Open-market purchases | $4,778,740 |
| Open-market sales | $0 |
| Sales after option exercise | $0 |
| Distinct buyers / sellers | 16 / 0 |
| Net purchase ratio | +1.00 |
| Net purchase ratio, excl. option-exercise sales | +1.00 |
1 CFO purchase(s) worth $500,000, plus 15 by other insiders worth $4,278,740. Only the CFO purchases score on the size and recency terms.
| Trade date | Insider | Shares | Price | Value | Price now vs buy |
|---|---|---|---|---|---|
| 20 Jul 2026 | Van Dyk RobertDirector | 25,000 | $10.00 | $250,000 | +16.5% |
| 20 Jul 2026 | Wainwright Jim HobartDirector | 10,000 | $10.00 | $100,000 | +16.5% |
| 20 Jul 2026 | Massood Michael Jr.Director | 25,000 | $10.00 | $250,000 | +16.5% |
| 20 Jul 2026 | Lewis Oliver Edward JrUnclassified | 15,000 | $10.00 | $150,000 | +16.5% |
| 20 Jul 2026 | Klein Steven MCOO | 50,000 | $10.00 | $500,000 | +16.5% |
| 20 Jul 2026 | Randall Elizabeth E.Director | 49,980 | $10.00 | $499,800 | +16.5% |
| 20 Jul 2026 | Sorrentini LucyDirector | 20,000 | $10.00 | $200,000 | +16.5% |
| 20 Jul 2026 | Klimowich JohnOther C-suite | 35,000 | $10.00 | $350,000 | +16.5% |
| 20 Jul 2026 | Schlesinger Allyson KatzUnclassified | 50,000 | $10.00 | $500,000 | +16.5% |
| 20 Jul 2026 | Splaine Thomas JrCFO | 50,000 | $10.00 | $500,000 | +16.5% |
| 20 Jul 2026 | Kemly Thomas J.CEO | 53,057 | $10.00 | $530,570 | +16.5% |
| 20 Jul 2026 | Holland Noel R.Director | 15,000 | $10.00 | $150,000 | +16.5% |
| 20 Jul 2026 | Prabhu Manesh BalachandranOther C-suite | 15,000 | $10.00 | $150,000 | +16.5% |
| 20 Jul 2026 | Kuiken James MichaelDirector | 10,000 | $10.00 | $100,000 | +16.5% |
| 20 Jul 2026 | Rinaldi Mayra LisethOfficer | 10,337 | $10.00 | $103,370 | +16.5% |
| 20 Jul 2026 | Gibney Dennis E.Other C-suite | 44,500 | $10.00 | $445,000 | +16.5% |
8 material events; 0 taken well, 0 badly; last earnings 30 Jul: neutral (+0.4%).
| Session | Filing | Event | Gap | Day | vs SPY | Vol | +5d | Read |
|---|---|---|---|---|---|---|---|---|
| 07 Aug 26 | 10-Q | Quarterly report | -0.1% | +0.0% | -0.6% | 0.5x | +9.3% | Neutral |
| 30 Jul 26 | 8-K · earnings | Results of operations (earnings); Other material event | -0.2% | +0.4% | -1.3% | 0.6x | -1.0% | Neutral |
| 28 Jul 26 | 8-K/A | Director or officer change | +0.3% | +1.3% | +1.1% | 0.9x | -2.3% | Neutral |
| 17 Jul 26 | 8-K | Other material event | -0.4% | +2.0% | +3.0% | 15.3x | +2.2% | Neutral |
| 29 Jun 26 | 8-K | Director or officer change | +0.1% | +0.8% | -0.8% | 1.0x | +2.1% | Neutral |
| 09 Jun 26 | 10-Q | Quarterly report | +0.4% | +0.9% | +1.2% | 1.0x | -3.3% | Neutral |
| 15 May 26 | 8-K | Director or officer change | -0.3% | -0.7% | +0.5% | 1.3x | +4.0% | Neutral |
| 20 Apr 26 | Earnings | Earnings | -0.3% | -0.8% | -0.6% | 0.7x | +0.6% | Neutral |