Clifton Bancorp Inc. (CSBK) Director Sells $725,329.50 in Stock
Clifton Bancorp Inc. (NASDAQ:CSBK) Director Charles J. Pivirotto sold 46,675 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $15.54, for a total transaction of $725,329.50. Following the transaction, the director now directly owns 32,434 shares of the company’s stock, valued at $504,024.36. The sale was disclosed in a document filed with the SEC, which is available through this link.
Clifton Bancorp Inc. (NASDAQ:CSBK) opened at 15.63 on Thursday. Clifton Bancorp Inc. has a 52-week low of $14.65 and a 52-week high of $17.49. The stock has a 50 day moving average of $16.27 and a 200-day moving average of $16.28. The company has a market capitalization of $334.00 million, a P/E ratio of 67.08 and a beta of 0.40.
Clifton Bancorp (NASDAQ:CSBK) last posted its earnings results on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. Clifton Bancorp had a return on equity of 1.69% and a net margin of 11.35%. The firm had revenue of $8.34 million for the quarter. On average, equities analysts forecast that Clifton Bancorp Inc. will post $0.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, August 9th. Clifton Bancorp’s payout ratio is currently 96.00%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc boosted 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 during the last quarter. Sei Investments Co. boosted 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 during the last quarter. Bank of America Corp DE boosted its position in shares of Clifton Bancorp by 9.9% in the first quarter. Bank of America Corp DE now owns 9,507 shares of the savings and loans company’s stock worth $154,000 after buying an additional 854 shares during the last quarter. First Manhattan Co. bought a new position in shares of Clifton Bancorp during the first quarter worth approximately $167,000. Finally, American International Group Inc. boosted 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 during the last quarter. Institutional investors own 61.85% of the company’s stock.
Several research analysts have weighed in on CSBK shares. BidaskClub lowered shares of Clifton Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Compass Point raised shares of Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Friday, August 25th.
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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