BidaskClub downgraded shares of Clifton Bancorp (NASDAQ:CSBK) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.
Shares of Clifton Bancorp (CSBK) traded up $0.15 during trading on Tuesday, hitting $16.80. The company’s stock had a trading volume of 133,076 shares, compared to its average volume of 85,100. Clifton Bancorp has a fifty-two week low of $15.21 and a fifty-two week high of $17.94. The firm has a market capitalization of $371.13, a PE ratio of 56.00 and a beta of 0.40. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.19.
Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its holdings in shares of Clifton Bancorp by 28.8% in the second quarter. Alliancebernstein L.P. now owns 14,304 shares of the savings and loans company’s stock valued at $236,000 after purchasing an additional 3,200 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Clifton Bancorp in the second quarter valued at approximately $238,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Clifton Bancorp in the third quarter valued at approximately $257,000. Goldman Sachs Group Inc. acquired a new stake in shares of Clifton Bancorp in the second quarter valued at approximately $397,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of Clifton Bancorp by 73.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 26,724 shares of the savings and loans company’s stock valued at $442,000 after purchasing an additional 11,300 shares during the last quarter. 61.85% 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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