Clifton Bancorp Stock Rating Upgraded by TheStreet (CSBK)
The analysts wrote, “Clifton Bancorp (CSBK) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Shares of Clifton Bancorp (NASDAQ:CSBK) traded up 0.40% during mid-day trading on Wednesday, hitting $12.58. 42,062 shares of the company’s stock traded hands. Clifton Bancorp has a 52-week low of $11.29 and a 52-week high of $13.6262. The stock’s 50-day moving average is $12.25 and its 200-day moving average is $12.51. The company has a market cap of $322.5 million and a price-to-earnings ratio of 50.12.
Clifton Bancorp (NASDAQ:CSBK) last announced its earnings results on Wednesday, May 7th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01. On average, analysts predict that Clifton Bancorp will post $0.28 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Sandler O’Neill initiated coverage on shares of Clifton Bancorp in a research note on Friday, May 16th. They set a “buy” rating and a $13.50 price target on the stock. Analysts at Compass Point reiterated a “focus list” rating on shares of Clifton Bancorp in a research note on Tuesday, April 15th.
Clifton Bancorp Inc, formerly Clifton Savings Bancorp, Inc, is a savings and loan holding company that operates through its subsidiary, Clifton Savings Bank (NASDAQ:CSBK).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.