Insider Buying: Clifton Bancorp Inc. (CSBK) Insider Acquires $29,849.00 in Stock

Clifton Bancorp Inc. (NASDAQ:CSBK) insider Diane Scriveri purchased 1,900 shares of the stock in a transaction dated Tuesday, February 7th. The shares were purchased at an average price of $15.71 per share, for a total transaction of $29,849.00. Following the completion of the transaction, the insider now owns 531 shares in the company, valued at approximately $8,342.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Clifton Bancorp Inc. (NASDAQ:CSBK) opened at 15.97 on Monday. Clifton Bancorp Inc. has a 1-year low of $14.06 and a 1-year high of $17.49. The company has a market capitalization of $351.64 million, a price-to-earnings ratio of 83.18 and a beta of 0.35. The stock’s 50 day moving average price is $16.24 and its 200 day moving average price is $15.69.

Clifton Bancorp (NASDAQ:CSBK) last released its quarterly earnings results on Wednesday, February 1st. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Clifton Bancorp had a net margin of 10.45% and a return on equity of 1.39%. Analysts expect that Clifton Bancorp Inc. will post $0.25 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 17th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $0.24 annualized dividend and a yield of 1.50%. Clifton Bancorp’s dividend payout ratio is currently 120.01%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSBK. Sei Investments Co. boosted its position in Clifton Bancorp by 154.8% in the third quarter. Sei Investments Co. now owns 7,503 shares of the company’s stock valued at $115,000 after buying an additional 4,558 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Clifton Bancorp during the fourth quarter valued at $536,000. Wells Fargo & Company MN boosted its position in shares of Clifton Bancorp by 36.7% in the third quarter. Wells Fargo & Company MN now owns 39,136 shares of the company’s stock valued at $598,000 after buying an additional 10,517 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Clifton Bancorp by 2,477.0% in the third quarter. JPMorgan Chase & Co. now owns 53,602 shares of the company’s stock valued at $820,000 after buying an additional 51,522 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Clifton Bancorp by 9.8% in the fourth quarter. Baird Financial Group Inc. now owns 55,706 shares of the company’s stock valued at $943,000 after buying an additional 4,985 shares in the last quarter. 61.36% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Compass Point lowered Clifton Bancorp from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Friday, November 18th.

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.

5 Day Chart for NASDAQ:CSBK

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