Goldman Sachs Group Inc. purchased a new stake in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,997 shares of the savings and loans company’s stock, valued at approximately $397,000. Goldman Sachs Group Inc. owned approximately 0.11% of Clifton Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Clifton Bancorp by 3.1% during the first quarter. Legal & General Group Plc now owns 6,572 shares of the savings and loans company’s stock valued at $107,000 after acquiring an additional 200 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Clifton Bancorp by 9.9% during the first quarter. Bank of America Corp DE now owns 9,507 shares of the savings and loans company’s stock valued at $154,000 after acquiring an additional 854 shares in the last quarter. American International Group Inc. raised its stake in shares of Clifton Bancorp by 6.8% during the first quarter. American International Group Inc. now owns 13,450 shares of the savings and loans company’s stock valued at $218,000 after acquiring an additional 859 shares in the last quarter. Alliancebernstein L.P. raised its stake in Clifton Bancorp by 28.8% in the second quarter. Alliancebernstein L.P. now owns 14,304 shares of the savings and loans company’s stock worth $236,000 after buying an additional 3,200 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Clifton Bancorp in the second quarter worth approximately $238,000. 61.90% of the stock is owned by hedge funds and other institutional investors.

Clifton Bancorp Inc. (NASDAQ:CSBK) opened at $17.10 on Wednesday. The company has a market cap of $375.10, a P/E ratio of 56.67 and a beta of 0.40. Clifton Bancorp Inc. has a 12 month low of $15.21 and a 12 month high of $17.70. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.19.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 16th. Clifton Bancorp’s dividend payout ratio (DPR) is 80.00%.

In other Clifton Bancorp news, Director Charles J. Pivirotto sold 46,675 shares of Clifton Bancorp stock in a transaction on Friday, August 25th. The shares were sold at an average price of $15.54, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles J. Pivirotto sold 24,778 shares of Clifton Bancorp stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $15.56, for a total transaction of $385,545.68. Following the completion of the transaction, the director now directly owns 21,164 shares in the company, valued at $329,311.84. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.

A number of equities analysts recently commented on the stock. BidaskClub raised shares of Clifton Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. 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 research note on Friday, August 25th.

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Clifton Bancorp 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.

Institutional Ownership by Quarter for Clifton Bancorp (NASDAQ:CSBK)

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