BidaskClub downgraded shares of Clifton Bancorp (NASDAQ:CSBK) from a sell rating to a strong sell rating in a research report released on Tuesday morning.
Clifton Bancorp (CSBK) opened at $17.08 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $374.66, a PE ratio of 56.93 and a beta of 0.40. Clifton Bancorp has a 1 year low of $15.21 and a 1 year high of $17.94.
Institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. increased its position in shares of Clifton Bancorp by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 14,304 shares of the savings and loans company’s stock valued at $236,000 after purchasing an additional 3,200 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Clifton Bancorp during the 2nd quarter valued at about $238,000. Nine Chapters Capital Management LLC purchased a new stake in Clifton Bancorp during the 3rd quarter valued at about $257,000. Goldman Sachs Group Inc. purchased a new stake in Clifton Bancorp during the 2nd quarter valued at about $397,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Clifton Bancorp by 73.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,724 shares of the savings and loans company’s stock valued at $442,000 after acquiring an additional 11,300 shares during the period. Hedge funds and other institutional investors own 61.85% 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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