Insider Selling: Christine R. Piano Unloads 20,000 Shares of Clifton Bancorp Stock (CSBK)
Clifton Bancorp (NASDAQ:CSBK) CFO Christine R. Piano sold 20,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $12.63, for a total transaction of $252,600.00. Following the completion of the sale, the chief financial officer now directly owns 34,956 shares in the company, valued at approximately $441,494. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at TheStreet upgraded shares of Clifton Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, July 9th.
Clifton Bancorp (NASDAQ:CSBK) remained flat at $12.61 during during mid-day trading trading on Friday. 1,655 shares of the company’s stock traded hands. Clifton Bancorp has a 1-year low of $11.29 and a 1-year high of $13.6262. The stock’s 50-day moving average is $12.42 and its 200-day moving average is $12.37. The company has a market cap of $318.3 million and a P/E ratio of 52.54.
Clifton Bancorp (NASDAQ:CSBK) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.02. On average, analysts predict that Clifton Bancorp will post $0.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 22nd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Wednesday, August 20th.
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).
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