Compass Point Upgrades Clifton Bancorp Inc. (CSBK) to Buy
Clifton Bancorp Inc. (NASDAQ:CSBK) was upgraded by analysts at Compass Point from a “neutral” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $17.00 price target on the savings and loans company’s stock. Compass Point’s price target would suggest a potential upside of 8.14% from the stock’s previous close.
Separately, BidaskClub upgraded shares of Clifton Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th.
Shares of Clifton Bancorp (NASDAQ:CSBK) opened at 15.72 on Friday. The stock has a market capitalization of $335.92 million, a PE ratio of 67.47 and a beta of 0.40. Clifton Bancorp has a 12 month low of $14.65 and a 12 month high of $17.49. The stock’s 50 day moving average is $16.27 and its 200 day moving average is $16.28.
Clifton Bancorp (NASDAQ:CSBK) last announced its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The company had revenue of $8.34 million for the quarter. Clifton Bancorp had a return on equity of 1.69% and a net margin of 11.35%. Analysts anticipate that Clifton Bancorp will post $0.34 earnings per share for the current fiscal year.
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In other news, Director Charles J. Pivirotto sold 24,778 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $15.56, for a total transaction of $385,545.68. Following the transaction, the director now directly owns 21,164 shares in the company, valued at approximately $329,311.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 6.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSBK. Arrowstreet Capital Limited Partnership acquired a new position in Clifton Bancorp during the second quarter valued at approximately $2,042,000. State Street Corp raised its position in Clifton Bancorp by 5.8% in the second quarter. State Street Corp now owns 561,297 shares of the savings and loans company’s stock valued at $9,280,000 after buying an additional 30,917 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Clifton Bancorp during the second quarter valued at approximately $397,000. Dimensional Fund Advisors LP raised its position in Clifton Bancorp by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,299,461 shares of the savings and loans company’s stock valued at $21,480,000 after buying an additional 95,618 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Clifton Bancorp by 1.0% in the second quarter. Renaissance Technologies LLC now owns 1,532,562 shares of the savings and loans company’s stock valued at $25,333,000 after buying an additional 14,800 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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