American International Group Inc. raised its stake in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,450 shares of the savings and loans company’s stock after buying an additional 859 shares during the period. American International Group Inc. owned about 0.06% of Clifton Bancorp worth $218,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Sei Investments Co. raised 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 New York Mellon Corp raised its stake in Clifton Bancorp by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 114,355 shares of the savings and loans company’s stock worth $1,852,000 after buying an additional 2,857 shares during the last quarter. First Trust Advisors LP increased its position in shares of Clifton Bancorp by 9.3% in the first quarter. First Trust Advisors LP now owns 42,502 shares of the savings and loans company’s stock worth $688,000 after buying an additional 3,614 shares during the period. Monarch Partners Asset Management LLC increased its position in shares of Clifton Bancorp by 14.8% in the first quarter. Monarch Partners Asset Management LLC now owns 36,840 shares of the savings and loans company’s stock worth $596,000 after buying an additional 4,740 shares during the period. Finally, First Manhattan Co. purchased a new position in Clifton Bancorp during the first quarter valued at $167,000. 61.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Clifton Bancorp Inc. (NASDAQ CSBK) traded up 0.25% during trading on Wednesday, hitting $15.90. The company had a trading volume of 4,879 shares. The firm’s 50 day moving average is $16.50 and its 200-day moving average is $16.30. Clifton Bancorp Inc. has a 52 week low of $14.63 and a 52 week high of $17.49. The stock has a market capitalization of $339.77 million, a P/E ratio of 68.24 and a beta of 0.40.
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 analysts’ consensus estimates of $0.08 by $0.01. Clifton Bancorp had a net margin of 11.35% and a return on equity of 1.69%. The company had revenue of $8.34 million for the quarter. Equities research analysts anticipate that Clifton Bancorp Inc. will post $0.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.24 annualized dividend and a dividend yield of 1.51%. Clifton Bancorp’s payout ratio is 96.00%.
Separately, BidaskClub upgraded Clifton Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd.
In other news, Chairman Paul M. Aguggia acquired 8,264 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were bought at an average price of $16.23 per share, with a total value of $134,124.72. Following the completion of the purchase, the chairman now directly owns 30,020 shares in the company, valued at $487,224.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company’s stock.
About Clifton Bancorp
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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