Somewhat Favorable News Coverage Somewhat Unlikely to Affect Clifton Bancorp (CSBK) Stock Price
Headlines about Clifton Bancorp (NASDAQ:CSBK) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clifton Bancorp earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the savings and loans company an impact score of 46.9155930532691 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
CSBK has been the topic of several recent analyst reports. BidaskClub cut Clifton Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Compass Point upgraded Clifton Bancorp from a “neutral” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Friday, August 25th.
Shares of Clifton Bancorp (NASDAQ:CSBK) traded up $0.12 during trading hours on Friday, reaching $16.91. The company’s stock had a trading volume of 127,100 shares, compared to its average volume of 90,450. The company has a current ratio of 1.27, a quick ratio of 1.26 and a debt-to-equity ratio of 1.19. Clifton Bancorp has a fifty-two week low of $15.21 and a fifty-two week high of $17.70. The company has a market cap of $373.12, a PE ratio of 56.37 and a beta of 0.40.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, November 16th. Clifton Bancorp’s dividend payout ratio (DPR) is presently 80.00%.
In other Clifton Bancorp news, Director Charles J. Pivirotto sold 46,675 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $15.54, for a total transaction of $725,329.50. Following the transaction, the director now directly owns 32,434 shares in the company, valued at approximately $504,024.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles J. Pivirotto sold 24,778 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $15.56, for a total value of $385,545.68. Following the transaction, the director now owns 21,164 shares in the company, valued at $329,311.84. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by company insiders.
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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.
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