Rhumbline Advisers lowered its position in Clifton Bancorp Inc. (NASDAQ:CSBK) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,233 shares of the savings and loans company’s stock after selling 2,685 shares during the quarter. Rhumbline Advisers owned 0.13% of Clifton Bancorp worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Foundry Partners LLC boosted its holdings in Clifton Bancorp by 89.4% in the second quarter. Foundry Partners LLC now owns 296,972 shares of the savings and loans company’s stock valued at $4,909,000 after acquiring an additional 140,216 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Clifton Bancorp by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 82,665 shares of the savings and loans company’s stock valued at $1,367,000 after purchasing an additional 494 shares during the period. TD Asset Management Inc. raised its position in Clifton Bancorp by 68.3% in the second quarter. TD Asset Management Inc. now owns 20,700 shares of the savings and loans company’s stock valued at $342,000 after purchasing an additional 8,400 shares during the period. Sei Investments Co. raised its position in Clifton Bancorp by 89.7% in the second quarter. Sei Investments Co. now owns 15,669 shares of the savings and loans company’s stock valued at $259,000 after purchasing an additional 7,408 shares during the period. Finally, Aperio Group LLC raised its position in Clifton Bancorp by 83.7% in the second quarter. Aperio Group LLC now owns 30,724 shares of the savings and loans company’s stock valued at $508,000 after purchasing an additional 14,002 shares during the period. Hedge funds and other institutional investors own 61.85% of the company’s stock.

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CSBK has been the topic of several research reports. BidaskClub lowered Clifton Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Compass Point raised Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Friday, August 25th.

Clifton Bancorp Inc. (NASDAQ CSBK) opened at 16.41 on Thursday. The firm has a 50-day moving average price of $15.98 and a 200 day moving average price of $16.28. Clifton Bancorp Inc. has a 52-week low of $14.65 and a 52-week high of $17.49. The stock has a market capitalization of $350.67 million, a price-to-earnings ratio of 70.43 and a beta of 0.39.

Clifton Bancorp (NASDAQ:CSBK) last issued its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The business had revenue of $8.34 million during the quarter. Clifton Bancorp had a return on equity of 1.69% and a net margin of 11.35%. On average, equities research analysts predict that Clifton Bancorp Inc. will post $0.34 EPS for the current year.

In related news, Director Charles J. Pivirotto sold 24,778 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $15.56, for a total value of $385,545.68. Following the completion of the sale, the director now directly owns 21,164 shares in the company, valued at $329,311.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles J. Pivirotto sold 46,675 shares of the company’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 completion of the sale, the director now owns 32,434 shares of the company’s stock, valued at $504,024.36. The disclosure for this sale can be found here. Corporate insiders own 6.30% 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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Institutional Ownership by Quarter for Clifton Bancorp (NASDAQ:CSBK)

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