Clifton Bancorp (CSBK) Rating Lowered to C+ at TheStreet

TheStreet lowered shares of Clifton Bancorp (NASDAQ:CSBK) from a b- rating to a c+ rating in a report issued on Wednesday morning.

Separately, BidaskClub downgraded shares of Clifton Bancorp from a hold rating to a sell rating in a report on Tuesday, December 12th.

Shares of Clifton Bancorp (CSBK) opened at $15.77 on Wednesday. The company has a market cap of $347.63, a P/E ratio of 75.10 and a beta of 0.32. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.53. Clifton Bancorp has a 12-month low of $15.20 and a 12-month high of $17.94.

Clifton Bancorp (NASDAQ:CSBK) last released its quarterly earnings results on Friday, February 2nd. The savings and loans company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm had revenue of $8.56 million for the quarter. Clifton Bancorp had a net margin of 9.23% and a return on equity of 2.44%.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 16th will be issued a $0.06 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.24 annualized dividend and a yield of 1.52%. Clifton Bancorp’s dividend payout ratio (DPR) is presently 114.29%.

Institutional investors have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in Clifton Bancorp in the 4th quarter valued at approximately $120,000. MetLife Investment Advisors LLC acquired a new stake in Clifton Bancorp in the 4th quarter valued at approximately $186,000. Alliancebernstein L.P. increased its holdings in Clifton Bancorp by 28.8% in 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 acquired a new stake in Clifton Bancorp in the 2nd quarter valued at approximately $238,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in Clifton Bancorp in the 3rd quarter valued at approximately $257,000. Hedge funds and other institutional investors own 59.88% of the company’s stock.

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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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