Clifton Bancorp Inc. (NASDAQ:CSBK) Posts Earnings Results
Clifton Bancorp Inc. (NASDAQ:CSBK) issued its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.01, Yahoo Finance reports. Clifton Bancorp had a return on equity of 1.67% and a net margin of 11.35%. The company had revenue of $8.34 million for the quarter.
Shares of Clifton Bancorp (NASDAQ:CSBK) opened at 16.42 on Tuesday. The firm has a 50-day moving average of $16.64 and a 200 day moving average of $16.28. Clifton Bancorp has a 52 week low of $14.61 and a 52 week high of $17.49. The firm has a market capitalization of $350.86 million, a price-to-earnings ratio of 70.47 and a beta of 0.40.
The firm also recently declared 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 yield of 1.46%. Clifton Bancorp’s payout ratio is currently 96.00%.
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In related news, Chairman Paul M. Aguggia bought 8,264 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were acquired at an average cost of $16.23 per share, with a total value of $134,124.72. Following the completion of the purchase, the chairman now directly owns 30,020 shares in the company, valued at $487,224.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.30% of the stock is owned by corporate insiders.
Separately, BidaskClub upgraded shares of Clifton Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd.
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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