Clifton Bancorp Inc. (CSBK) Position Cut by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. reduced its position in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 221,802 shares of the savings and loans company’s stock after selling 2,474 shares during the period. Kennedy Capital Management Inc. owned approximately 1.01% of Clifton Bancorp worth $3,591,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CSBK. Legal & General Group Plc raised its position in shares of 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 in the last quarter. Sei Investments Co. raised its position in shares of 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 in the last quarter. First Manhattan Co. bought a new position in shares of Clifton Bancorp during the first quarter worth about $167,000. American International Group Inc. raised its position in shares of 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 in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of Clifton Bancorp during the first quarter worth about $271,000. Hedge funds and other institutional investors own 62.68% of the company’s stock.
Clifton Bancorp Inc. (NASDAQ:CSBK) opened at 16.27 on Wednesday. The company has a 50-day moving average of $16.41 and a 200-day moving average of $16.33. The company has a market cap of $350.75 million, a price-to-earnings ratio of 77.48 and a beta of 0.40. Clifton Bancorp Inc. has a 12 month low of $14.11 and a 12 month high of $17.49.
The firm also recently declared a special dividend, which will be paid on Thursday, July 13th. Investors of record on Thursday, June 29th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 27th. This represents a dividend yield of 1.42%. Clifton Bancorp’s dividend payout ratio is 109.10%.
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In other Clifton Bancorp news, Chairman Paul M. Aguggia purchased 8,264 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was acquired at an average cost of $16.23 per share, with a total value of $134,124.72. Following the completion of the acquisition, the chairman now directly owns 30,020 shares of the company’s stock, valued at approximately $487,224.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.60% 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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