Foundry Partners LLC increased its stake in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) by 8.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,748 shares of the savings and loans company’s stock after purchasing an additional 23,776 shares during the quarter. Foundry Partners LLC owned approximately 1.50% of Clifton Bancorp worth $5,363,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc lifted its stake in shares of Clifton Bancorp by 3.1% during the 1st quarter. Legal & General Group Plc now owns 6,572 shares of the savings and loans company’s stock worth $107,000 after purchasing an additional 200 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Clifton Bancorp by 9.9% during the 1st quarter. Bank of America Corp DE now owns 9,507 shares of the savings and loans company’s stock worth $154,000 after purchasing an additional 854 shares during the last quarter. American International Group Inc. lifted its stake in shares of Clifton Bancorp by 6.8% during the 1st quarter. American International Group Inc. now owns 13,450 shares of the savings and loans company’s stock worth $218,000 after purchasing an additional 859 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Clifton Bancorp by 28.8% during the 2nd quarter. Alliancebernstein L.P. now owns 14,304 shares of the savings and loans company’s stock worth $236,000 after purchasing an additional 3,200 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Clifton Bancorp during the 2nd quarter worth $238,000. Hedge funds and other institutional investors own 61.45% of the company’s stock.

CSBK has been the subject of a number of analyst reports. BidaskClub cut Clifton Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Compass Point upgraded Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday, August 25th.

In other news, Director Charles J. Pivirotto sold 24,778 shares of Clifton Bancorp stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $15.56, for a total transaction of $385,545.68. Following the transaction, the director now directly owns 21,164 shares of the company’s stock, valued at approximately $329,311.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles J. Pivirotto sold 46,675 shares of Clifton Bancorp stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $15.54, for a total value of $725,329.50. Following the transaction, the director now directly owns 32,434 shares in the company, valued at $504,024.36. The disclosure for this sale can be found here. Company insiders own 6.30% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Foundry Partners LLC Has $5.36 Million Position in Clifton Bancorp Inc. (CSBK)” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://www.watchlistnews.com/foundry-partners-llc-has-5-36-million-position-in-clifton-bancorp-inc-csbk/1682963.html.

Clifton Bancorp Inc. (CSBK) opened at $17.49 on Monday. The stock has a market capitalization of $385.91, a PE ratio of 58.30 and a beta of 0.40. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.26 and a current ratio of 1.26. Clifton Bancorp Inc. has a 1 year low of $15.21 and a 1 year high of $17.70.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.37%. Clifton Bancorp’s payout ratio is 80.00%.

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.

Institutional Ownership by Quarter for Clifton Bancorp (NASDAQ:CSBK)

Receive News & Ratings for Clifton Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clifton Bancorp Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.