Creative Planning Maintains Stake in Clifton Bancorp Inc. (NASDAQ:CSBK)
Creative Planning held its position in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) during the second quarter, Holdings Channel reports. The firm owned 10,000 shares of the savings and loans company’s stock at the end of the second quarter. Creative Planning’s holdings in Clifton Bancorp were worth $165,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc increased its position in shares of Clifton Bancorp by 3.1% in the first quarter. Legal & General Group Plc now owns 6,572 shares of the savings and loans company’s stock valued at $107,000 after buying an additional 200 shares during the last quarter. American International Group Inc. increased its position in shares of Clifton Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 13,450 shares of the savings and loans company’s stock valued at $218,000 after buying an additional 859 shares during the last quarter. Sei Investments Co. increased its position in shares of Clifton Bancorp by 5.6% in the first quarter. Sei Investments Co. now owns 8,261 shares of the savings and loans company’s stock valued at $134,000 after buying an additional 441 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Clifton Bancorp during the first quarter valued at $271,000. Finally, Bank of New York Mellon Corp increased its position in shares of Clifton Bancorp by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 114,355 shares of the savings and loans company’s stock valued at $1,852,000 after buying an additional 2,857 shares during the last quarter. 61.28% of the stock is owned by institutional investors and hedge funds.
Shares of Clifton Bancorp Inc. (CSBK) traded down 0.62% on Thursday, hitting $15.91. The stock had a trading volume of 8,020 shares. Clifton Bancorp Inc. has a one year low of $14.63 and a one year high of $17.49. The firm’s 50-day moving average is $16.57 and its 200-day moving average is $16.30. The company has a market cap of $339.96 million, a price-to-earnings ratio of 68.28 and a beta of 0.40.
Clifton Bancorp (NASDAQ:CSBK) last posted its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. Clifton Bancorp had a net margin of 11.35% and a return on equity of 1.67%. The business had revenue of $8.34 million during the quarter. On average, analysts expect that Clifton Bancorp Inc. will post $0.34 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. Clifton Bancorp’s dividend payout ratio (DPR) is presently 96.00%.
Separately, BidaskClub raised Clifton Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th.
In other news, Chairman Paul M. Aguggia bought 8,264 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were bought at an average cost of $16.23 per share, for a total transaction of $134,124.72. Following the completion of the transaction, the chairman now owns 30,020 shares in the company, valued at $487,224.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.30% of the stock is owned by insiders.
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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