Nine Chapters Capital Management LLC bought a new stake in Clifton Bancorp Inc. (NASDAQ:CSBK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,400 shares of the savings and loans company’s stock, valued at approximately $257,000. Nine Chapters Capital Management LLC owned about 0.07% of Clifton Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 valued at $107,000 after buying an additional 200 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Clifton Bancorp by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 82,665 shares of the savings and loans company’s stock valued at $1,367,000 after buying an additional 494 shares in 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 valued at $154,000 after buying an additional 854 shares in 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 valued at $218,000 after buying an additional 859 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Clifton Bancorp by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,334 shares of the savings and loans company’s stock valued at $1,906,000 after buying an additional 979 shares in the last quarter. Hedge funds and other institutional investors own 61.30% of the company’s stock.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, November 16th. Clifton Bancorp’s payout ratio is presently 80.00%.

Several analysts have issued reports on the stock. BidaskClub raised shares of Clifton Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Compass Point raised shares of Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday, August 25th.

In related news, Director Charles J. Pivirotto sold 46,675 shares of the company’s 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 completion of the sale, the director now directly owns 32,434 shares of the company’s stock, valued at $504,024.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Pivirotto sold 24,778 shares of the company’s 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 completion of the sale, the director now directly owns 21,164 shares of the company’s stock, valued at $329,311.84. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate 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.

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

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