Clifton Bancorp Inc. (NASDAQ:CSBK) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, July 11th.
Clifton Bancorp (CSBK) traded down 0.88% during mid-day trading on Tuesday, reaching $15.79. The company’s stock had a trading volume of 53,043 shares. The stock’s 50 day moving average price is $16.53 and its 200 day moving average price is $16.29. Clifton Bancorp has a 1-year low of $14.63 and a 1-year high of $17.49. The stock has a market capitalization of $337.40 million, a P/E ratio of 67.77 and a beta of 0.40.
Clifton Bancorp (NASDAQ:CSBK) last posted its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01. Clifton Bancorp had a net margin of 11.35% and a return on equity of 1.69%. The firm had revenue of $8.34 million during the quarter. Analysts expect that Clifton Bancorp will post $0.34 EPS for the current fiscal year.
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In related news, Chairman Paul M. Aguggia purchased 8,264 shares of Clifton Bancorp stock in a transaction dated Thursday, May 25th. The shares were acquired at an average price of $16.23 per share, with a total value of $134,124.72. Following the completion of the transaction, the chairman now owns 30,020 shares of the company’s stock, valued at approximately $487,224.60. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.30% of the company’s stock.
Several institutional investors have recently modified their holdings of CSBK. Legal & General Group Plc raised its stake in Clifton Bancorp by 3.1% in the first quarter. Legal & General Group Plc now owns 6,572 shares of the savings and loans company’s stock valued at $107,000 after buying an additional 200 shares during the period. Sei Investments Co. raised its stake in Clifton Bancorp by 5.6% in the first quarter. Sei Investments Co. now owns 8,261 shares of the savings and loans company’s stock valued at $134,000 after buying an additional 441 shares during the period. Bank of America Corp DE raised its stake in Clifton Bancorp by 9.9% in the first quarter. Bank of America Corp DE now owns 9,507 shares of the savings and loans company’s stock valued at $154,000 after buying an additional 854 shares during the period. First Manhattan Co. acquired a new stake in Clifton Bancorp during the first quarter valued at $167,000. Finally, American International Group Inc. raised its stake in Clifton Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 13,450 shares of the savings and loans company’s stock valued at $218,000 after buying an additional 859 shares during the period. 61.28% of the stock is currently owned by institutional investors and hedge funds.
About Clifton Bancorp
Clifton Bancorp Inc, formerly Clifton Savings Bancorp, Inc, is a savings and loan holding company that operates through its subsidiary, Clifton Savings Bank (Clifton Savings). Clifton Savings is a federally chartered savings bank. Clifton Savings operate as a community-oriented financial institution offering traditional financial services to consumers and businesses in the market area.
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