BidaskClub Lowers Clifton Bancorp (CSBK) to Strong Sell

Clifton Bancorp (NASDAQ:CSBK) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Wednesday, March 14th.

Separately, TheStreet lowered Clifton Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th.

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CSBK stock remained flat at $$15.65 during midday trading on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.53. The firm has a market cap of $345.85, a price-to-earnings ratio of 46.03 and a beta of 0.30. Clifton Bancorp has a 52-week low of $15.20 and a 52-week high of $17.94.

Clifton Bancorp (NASDAQ:CSBK) last posted its earnings results on Friday, February 2nd. The savings and loans company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The firm 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%.

Hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. bought a new position in Clifton Bancorp during the fourth quarter worth about $120,000. MetLife Investment Advisors LLC bought a new position in Clifton Bancorp during the fourth quarter worth about $186,000. GSA Capital Partners LLP lifted its holdings in Clifton Bancorp by 21.8% during the third quarter. GSA Capital Partners LLP now owns 17,518 shares of the savings and loans company’s stock worth $293,000 after acquiring an additional 3,132 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Clifton Bancorp in the second quarter valued at about $397,000. Finally, Chicago Capital Management LLC bought a new stake in shares of Clifton Bancorp in the fourth quarter valued at about $444,000. Hedge funds and other institutional investors own 58.73% of the company’s stock.

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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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