Clifton Bancorp (NASDAQ:CSBK) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.
Separately, TheStreet lowered Clifton Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th.
Clifton Bancorp (CSBK) opened at $15.80 on Wednesday. The company has a market capitalization of $346.95, a price-to-earnings ratio of 71.82 and a beta of 0.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.53. Clifton Bancorp has a fifty-two week low of $15.20 and a fifty-two week high of $17.94.
Clifton Bancorp (NASDAQ:CSBK) last issued its quarterly earnings results on Friday, February 2nd. The savings and loans company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $8.56 million for the quarter. Clifton Bancorp had a return on equity of 2.44% and a net margin of 9.23%.
Several institutional investors and hedge funds have recently modified their holdings of CSBK. Kassirer Asset Management Corp acquired a new position in Clifton Bancorp during the fourth quarter worth about $532,000. Chicago Capital Management LLC acquired a new position in Clifton Bancorp during the fourth quarter worth about $444,000. Dimensional Fund Advisors LP grew its holdings in Clifton Bancorp by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,341,986 shares of the savings and loans company’s stock worth $22,438,000 after acquiring an additional 42,525 shares during the period. Goldman Sachs Group Inc. acquired a new position in Clifton Bancorp during the second quarter worth about $397,000. Finally, State Street Corp grew its holdings in Clifton Bancorp by 5.8% during the second quarter. State Street Corp now owns 561,297 shares of the savings and loans company’s stock worth $9,280,000 after acquiring an additional 30,917 shares during the period. 58.80% of the stock is currently owned by institutional investors.
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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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