10 Oversold Bank Stocks To Buy Right Now

7. Columbia Financial, Inc. (NASDAQ:CLBK)

6-Month Performance: -10.85%

Analysts Upside Potential: 31.85%

Columbia Financial, Inc. (NASDAQ:CLBK) is a financial company that operates the Columbia Bank, which is situated in New Jersey. The bank provides a range of traditional banking services such as deposits from individuals and businesses. It also provides various kinds of loans including residential loans, commercial loans, and consumer loans.

During the fiscal fourth quarter of 2024, Columbia Financial, Inc. (NASDAQ:CLBK) reported a net loss of $21.2 million, which is significantly low compared to the net income of $6.6 million in the same quarter last year. As per the management, the losses were mainly due to lower income from non-loan activities and costs associated with restructuring its financial assets. To manage the losses the bank has executed a significant repositioning strategy, involving the sale of $352.3 million in debt securities and prepaying higher-cost borrowings amounting to $200 million. The strategy is aimed at enhancing future earnings and expanding net interest margins. It is one of the oversold bank stocks to buy right now.