Clifton Bancorp Inc. (CSBK) to Issue Quarterly Dividend of $0.06 on December 1st
Clifton Bancorp Inc. (NASDAQ:CSBK) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.06 per share by the savings and loans company on Friday, December 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, November 16th.
Shares of Clifton Bancorp (NASDAQ:CSBK) opened at $17.10 on Wednesday. The stock has a market capitalization of $375.10, a price-to-earnings ratio of 56.67 and a beta of 0.40. Clifton Bancorp has a 1-year low of $15.21 and a 1-year high of $17.70. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.19.
CSBK has been the subject of a number of research analyst reports. BidaskClub lowered Clifton Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Compass Point upgraded Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Friday, August 25th.
In other news, Director Charles J. Pivirotto sold 24,778 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $15.56, for a total value of $385,545.68. Following the completion of the sale, the director now owns 21,164 shares in the company, valued at $329,311.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles J. Pivirotto sold 46,675 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $15.54, for a total value of $725,329.50. Following the completion of the sale, the director now owns 32,434 shares of the company’s stock, valued at approximately $504,024.36. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.
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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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