Clifton Bancorp Inc. (NASDAQ:CSBK) was downgraded by equities researchers at Compass Point from a “buy” rating to a “neutral” rating in a report issued on Friday. They currently have a $17.00 price target on the stock. Compass Point’s target price points to a potential upside of 2.72% from the company’s previous close.

Shares of Clifton Bancorp (NASDAQ:CSBK) opened at 16.55 on Friday. The firm has a 50-day moving average price of $15.44 and a 200 day moving average price of $15.09. Clifton Bancorp has a 1-year low of $13.09 and a 1-year high of $16.57. The company has a market cap of $367.66 million, a PE ratio of 87.57 and a beta of 0.39.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.45%. Clifton Bancorp’s dividend payout ratio is presently 126.32%.

Institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC increased its position in shares of Clifton Bancorp by 7.6% in the third quarter. BlackRock Advisors LLC now owns 12,335 shares of the company’s stock worth $189,000 after buying an additional 873 shares during the period. JPMorgan Chase & Co. increased its position in shares of Clifton Bancorp by 2,477.0% in the third quarter. JPMorgan Chase & Co. now owns 53,602 shares of the company’s stock worth $820,000 after buying an additional 51,522 shares during the period. Sei Investments Co. increased its position in shares of Clifton Bancorp by 154.8% in the third quarter. Sei Investments Co. now owns 7,503 shares of the company’s stock worth $115,000 after buying an additional 4,558 shares during the period. Wells Fargo & Company MN increased its position in shares of Clifton Bancorp by 36.7% in the third quarter. Wells Fargo & Company MN now owns 39,136 shares of the company’s stock worth $598,000 after buying an additional 10,517 shares during the period. Finally, Foundry Partners LLC increased its position in shares of Clifton Bancorp by 5.7% in the third quarter. Foundry Partners LLC now owns 134,553 shares of the company’s stock worth $2,057,000 after buying an additional 7,255 shares during the period. Institutional investors own 62.39% 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.

5 Day Chart for NASDAQ:CSBK

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