BidaskClub Upgrades Clifton Bancorp Inc. (CSBK) to “Buy”

Clifton Bancorp Inc. (NASDAQ:CSBK) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday, July 11th.

Shares of Clifton Bancorp (CSBK) opened at 16.30 on Tuesday. Clifton Bancorp has a one year low of $14.63 and a one year high of $17.49. The stock has a 50 day moving average of $16.61 and a 200 day moving average of $16.28. The stock has a market cap of $348.30 million, a P/E ratio of 69.96 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 the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Clifton Bancorp had a net margin of 11.35% and a return on equity of 1.67%. The business had revenue of $8.34 million during the quarter. Equities analysts expect that Clifton Bancorp will post $0.34 EPS for the current fiscal year.

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In other Clifton Bancorp news, Chairman Paul M. Aguggia acquired 8,264 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was acquired at an average cost of $16.23 per share, for a total transaction of $134,124.72. Following the transaction, the chairman now owns 30,020 shares of the company’s stock, valued at $487,224.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CSBK. Legal & General Group Plc increased its position in 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 period. Sei Investments Co. increased its position in 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 period. Schwab Charles Investment Management Inc. increased 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 worth $1,367,000 after buying an additional 494 shares during the period. Bank of America Corp DE increased its position in 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 period. Finally, American International Group Inc. increased its position in 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 period. 61.28% of the stock is owned by hedge funds and other institutional investors.

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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