Seidman Lawrence B Has $5,264,000 Position in Clifton Bancorp Inc. (CSBK)

Seidman Lawrence B continued to hold its position in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 317,235 shares of the savings and loans company’s stock at the end of the second quarter. Clifton Bancorp makes up 3.2% of Seidman Lawrence B’s holdings, making the stock its 11th largest position. Seidman Lawrence B owned approximately 1.48% of Clifton Bancorp worth $5,264,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CSBK. Driehaus Capital Management LLC increased its position in shares of Clifton Bancorp by 22.3% during the first quarter. Driehaus Capital Management LLC now owns 172,575 shares of the savings and loans company’s stock worth $2,794,000 after purchasing an additional 31,500 shares in the last quarter. Geode Capital Management LLC increased its position in Clifton Bancorp by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 189,260 shares of the savings and loans company’s stock valued at $3,064,000 after acquiring an additional 3,122 shares during the period. Monarch Partners Asset Management LLC increased its position in Clifton Bancorp by 14.8% in the 1st quarter. Monarch Partners Asset Management LLC now owns 36,840 shares of the savings and loans company’s stock valued at $596,000 after acquiring an additional 4,740 shares during the period. Schwab Charles Investment Management Inc. increased its position in Clifton Bancorp by 5.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 82,171 shares of the savings and loans company’s stock valued at $1,331,000 after acquiring an additional 4,446 shares during the period. Finally, Vanguard Group Inc. increased its position in Clifton Bancorp by 7.9% in the 1st quarter. Vanguard Group Inc. now owns 958,207 shares of the savings and loans company’s stock valued at $15,513,000 after acquiring an additional 70,207 shares during the period. Hedge funds and other institutional investors own 61.85% of the company’s stock.

Shares of Clifton Bancorp Inc. (NASDAQ CSBK) opened at 15.83 on Tuesday. The stock has a market cap of $338.27 million, a price-to-earnings ratio of 67.94 and a beta of 0.42. Clifton Bancorp Inc. has a 52 week low of $14.65 and a 52 week high of $17.49. The stock’s 50 day moving average price is $16.00 and its 200 day moving average price is $16.25.

Clifton Bancorp (NASDAQ:CSBK) last posted its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate 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 announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 11th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, August 9th. Clifton Bancorp’s payout ratio is 96.00%.

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Several equities analysts recently issued reports on CSBK shares. BidaskClub upgraded Clifton Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. 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 report on Friday, August 25th.

In related news, Director Charles J. Pivirotto sold 46,675 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were 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 directly owns 32,434 shares in the company, valued at $504,024.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Charles J. Pivirotto sold 24,778 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $329,311.84. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

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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