Hennessy Advisors Inc. decreased its stake in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,000 shares of the savings and loans company’s stock after selling 30,000 shares during the quarter. Hennessy Advisors Inc. owned about 0.90% of Clifton Bancorp worth $3,344,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CSBK. Schwab Charles Investment Management Inc. raised its stake in shares of Clifton Bancorp by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 82,171 shares of the savings and loans company’s stock valued at $1,331,000 after acquiring an additional 4,446 shares during the period. Geode Capital Management LLC increased its stake in Clifton Bancorp by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 189,260 shares of the savings and loans company’s stock worth $3,064,000 after buying an additional 3,122 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Clifton Bancorp in the 2nd quarter worth about $2,042,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Clifton Bancorp by 73.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,724 shares of the savings and loans company’s stock worth $442,000 after buying an additional 11,300 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Clifton Bancorp by 1.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,532,562 shares of the savings and loans company’s stock worth $25,333,000 after buying an additional 14,800 shares during the period. Hedge funds and other institutional investors own 61.37% of the company’s stock.
In other Clifton Bancorp news, Director Charles J. Pivirotto sold 46,675 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $15.54, for a total value of $725,329.50. Following the sale, the director now directly owns 32,434 shares of the company’s stock, valued at approximately $504,024.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Charles J. Pivirotto sold 24,778 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $15.56, for a total value of $385,545.68. Following the sale, the director now owns 21,164 shares in the company, valued at $329,311.84. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.
Several brokerages recently commented on CSBK. Compass Point raised shares of Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Friday, August 25th. BidaskClub raised shares of Clifton Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd.
Shares of Clifton Bancorp Inc. (NASDAQ CSBK) traded down $0.04 on Monday, reaching $16.97. The company had a trading volume of 85,400 shares, compared to its average volume of 65,501. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.27 and a quick ratio of 1.27. Clifton Bancorp Inc. has a 52-week low of $15.21 and a 52-week high of $17.70. The firm has a market capitalization of $374.44, a P/E ratio of 56.57 and a beta of 0.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, November 16th. Clifton Bancorp’s dividend payout ratio is presently 80.00%.
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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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