Clifton Bancorp Inc. (NASDAQ:CSBK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Shares of Clifton Bancorp (NASDAQ:CSBK) traded up 0.90% during mid-day trading on Friday, reaching $15.63. The company’s stock had a trading volume of 52,842 shares. Clifton Bancorp has a 1-year low of $14.65 and a 1-year high of $17.49. The firm has a market capitalization of $334.00 million, a P/E ratio of 67.08 and a beta of 0.40. The company’s 50-day moving average is $16.42 and its 200 day moving average is $16.29.

Clifton Bancorp (NASDAQ:CSBK) last released its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $8.34 million during the quarter. Clifton Bancorp had a return on equity of 1.69% and a net margin of 11.35%. On average, analysts expect that Clifton Bancorp will post $0.34 earnings per share for the current year.

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In other Clifton Bancorp news, Chairman Paul M. Aguggia acquired 8,264 shares of the stock in a transaction dated Thursday, May 25th. The stock was acquired at an average price of $16.23 per share, with a total value of $134,124.72. Following the completion of the transaction, the chairman now directly owns 30,020 shares in the company, valued at $487,224.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.30% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the stock. First Manhattan Co. acquired a new stake in shares of Clifton Bancorp during the first quarter worth approximately $167,000. Eidelman Virant Capital acquired a new stake in shares of Clifton Bancorp during the first quarter worth approximately $1,275,000. Wells Fargo & Company MN increased its stake in shares of Clifton Bancorp by 96.4% in the first quarter. Wells Fargo & Company MN now owns 141,569 shares of the savings and loans company’s stock worth $2,292,000 after buying an additional 69,474 shares in the last quarter. Monarch Partners Asset Management LLC increased its stake in shares of Clifton Bancorp by 14.8% in the first quarter. Monarch Partners Asset Management LLC now owns 36,840 shares of the savings and loans company’s stock worth $596,000 after buying an additional 4,740 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Clifton Bancorp by 9.3% in the first quarter. First Trust Advisors LP now owns 42,502 shares of the savings and loans company’s stock worth $688,000 after buying an additional 3,614 shares in the last quarter. 61.75% of the stock is owned by institutional investors and hedge funds.

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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