Clifton Bancorp (CSBK) Stock Rating Lowered by BidaskClub

Clifton Bancorp (NASDAQ:CSBK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

Separately, Compass Point raised Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Friday, August 25th.

Clifton Bancorp (NASDAQ CSBK) opened at $17.05 on Tuesday. The company has a market capitalization of $376.20, a PE ratio of 56.83 and a beta of 0.39. Clifton Bancorp has a twelve month low of $15.21 and a twelve month high of $17.94. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.19.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc lifted its holdings in Clifton Bancorp by 3.1% during the 1st 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. Schwab Charles Investment Management Inc. lifted its holdings in Clifton Bancorp by 0.6% during the 2nd 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 lifted its holdings in Clifton Bancorp by 9.9% during 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 buying an additional 854 shares during the period. Bank of New York Mellon Corp lifted its holdings in Clifton Bancorp by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,334 shares of the savings and loans company’s stock worth $1,906,000 after buying an additional 979 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Clifton Bancorp by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 189,260 shares of the savings and loans company’s stock worth $3,064,000 after buying an additional 3,122 shares during the period. 61.85% of the stock is currently 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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