BidaskClub downgraded shares of Clifton Bancorp (NASDAQ:CSBK) from a hold rating to a sell rating in a research report report published on Tuesday.

Separately, Compass Point raised 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.

Shares of Clifton Bancorp (NASDAQ:CSBK) traded down $0.26 during trading on Tuesday, reaching $16.79. The company had a trading volume of 54,100 shares, compared to its average volume of 70,672. The stock has a market cap of $376.20, a P/E ratio of 56.83 and a beta of 0.39. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.27 and a current ratio of 1.27. Clifton Bancorp has a 1 year low of $15.21 and a 1 year high of $17.94.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Thursday, November 16th. Clifton Bancorp’s dividend payout ratio is currently 80.00%.

A number of institutional investors have recently made changes to their positions in CSBK. Legal & General Group Plc lifted its stake in Clifton Bancorp by 3.1% in the 1st quarter. Legal & General Group Plc now owns 6,572 shares of the savings and loans company’s stock worth $107,000 after acquiring an additional 200 shares in the last quarter. Bank of America Corp DE lifted its stake in Clifton Bancorp by 9.9% in the 1st quarter. Bank of America Corp DE now owns 9,507 shares of the savings and loans company’s stock worth $154,000 after acquiring an additional 854 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Clifton Bancorp by 28.8% in the 2nd quarter. Alliancebernstein L.P. now owns 14,304 shares of the savings and loans company’s stock worth $236,000 after acquiring an additional 3,200 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Clifton Bancorp in the 2nd quarter worth about $238,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in Clifton Bancorp in the 3rd quarter worth about $257,000. 61.85% of the stock is owned by hedge funds and other institutional investors.

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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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