Clifton Bancorp Inc. (CSBK) Downgraded to “Sell” at BidaskClub

Clifton Bancorp Inc. (NASDAQ:CSBK) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Shares of Clifton Bancorp (NASDAQ CSBK) traded up 1.194% during midday trading on Friday, hitting $15.675. The company had a trading volume of 27,286 shares. The firm’s 50-day moving average is $16.45 and its 200-day moving average is $16.29. The firm has a market capitalization of $334.96 million, a P/E ratio of 67.275 and a beta of 0.40. Clifton Bancorp has a 12-month low of $14.65 and a 12-month high of $17.49.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $8.34 million for the quarter. Clifton Bancorp had a return on equity of 1.69% and a net margin of 11.35%. On average, analysts predict that Clifton Bancorp will post $0.34 earnings per share for the current fiscal year.

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In other news, Chairman Paul M. Aguggia acquired 8,264 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was acquired at an average cost of $16.23 per share, for a total transaction of $134,124.72. Following the completion of the acquisition, the chairman now owns 30,020 shares in the company, valued at $487,224.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.30% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of CSBK. Legal & General Group Plc increased its position 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 worth $107,000 after buying an additional 200 shares in the last quarter. Sei Investments Co. increased its position 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 worth $134,000 after buying an additional 441 shares in the last quarter. Bank of America Corp DE increased its position 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 worth $154,000 after buying an additional 854 shares in the last quarter. First Manhattan Co. bought a new position in Clifton Bancorp during the first quarter worth $167,000. Finally, American International Group Inc. increased its position 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 worth $218,000 after buying an additional 859 shares in the last quarter. Institutional investors and hedge funds own 61.75% of the company’s stock.

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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