BidaskClub cut shares of Clifton Bancorp Inc. (NASDAQ:CSBK) from a hold rating to a sell rating in a research note issued to investors on Friday.
Shares of Clifton Bancorp (CSBK) opened at 15.63 on Friday. The firm has a market capitalization of $334.00 million, a price-to-earnings ratio of 67.08 and a beta of 0.40. The stock’s 50 day moving average price is $16.42 and its 200 day moving average price is $16.29. Clifton Bancorp has a 12-month low of $14.65 and a 12-month high of $17.49.
Clifton Bancorp (NASDAQ:CSBK) last issued its earnings results on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The firm had revenue of $8.34 million during the quarter. Clifton Bancorp had a net margin of 11.35% and a return on equity of 1.69%. Equities research analysts expect that Clifton Bancorp will post $0.34 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.54%. Clifton Bancorp’s payout ratio is presently 96.00%.
In other news, Chairman Paul M. Aguggia bought 8,264 shares of the stock in a transaction on Thursday, May 25th. The shares were purchased at an average cost of $16.23 per share, for a total transaction of $134,124.72. Following the completion of the purchase, the chairman now directly owns 30,020 shares in the company, valued at approximately $487,224.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. 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 worth $107,000 after buying an additional 200 shares during the last quarter. 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 worth $134,000 after buying an additional 441 shares during the last quarter. 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 worth $154,000 after buying an additional 854 shares during the last quarter. First Manhattan Co. bought a new stake in Clifton Bancorp during the first quarter worth about $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 worth $218,000 after buying an additional 859 shares during the last quarter. Hedge funds and other institutional investors own 61.75% of the company’s stock.
Clifton Bancorp Company Profile
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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