Zacks: Clifton Bancorp Inc. (NASDAQ:CSBK) Receives Average Rating of “Strong Buy” from Analysts
Shares of Clifton Bancorp Inc. (NASDAQ:CSBK) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $16.50 for the company, according to Zacks. Zacks has also given Clifton Bancorp an industry rank of 165 out of 265 based on the ratings given to related companies.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Foundry Partners LLC increased its position in Clifton Bancorp by 5.7% in the third quarter. Foundry Partners LLC now owns 134,553 shares of the company’s stock worth $2,057,000 after buying an additional 7,255 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Clifton Bancorp by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 70,311 shares of the company’s stock worth $1,060,000 after buying an additional 1,050 shares in the last quarter. Keeley Asset Management Corp increased its position in Clifton Bancorp by 16.4% in the second quarter. Keeley Asset Management Corp now owns 29,207 shares of the company’s stock worth $440,000 after buying an additional 4,107 shares in the last quarter. Alliancebernstein L.P. increased its position in Clifton Bancorp by 16.8% in the second quarter. Alliancebernstein L.P. now owns 11,804 shares of the company’s stock worth $178,000 after buying an additional 1,700 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Clifton Bancorp by 7.3% in the second quarter. Vanguard Group Inc. now owns 652,835 shares of the company’s stock worth $9,839,000 after buying an additional 44,140 shares in the last quarter. 62.84% of the stock is currently owned by institutional investors.
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Shares of Clifton Bancorp (NASDAQ:CSBK) traded down 0.53% during mid-day trading on Friday, hitting $15.01. 5,669 shares of the stock were exchanged. The company has a 50-day moving average price of $15.11 and a 200-day moving average price of $14.99. Clifton Bancorp has a 12 month low of $13.09 and a 12 month high of $15.49. The stock has a market cap of $341.84 million, a price-to-earnings ratio of 79.00 and a beta of 0.50.
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.
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