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%.
TRADEMARK VIOLATION NOTICE: “Insider Buying: Clifton Bancorp Inc. (CSBK) Insider Acquires $29,849.00 in Stock” was first posted by sleekmoney and is owned by of sleekmoney. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this article can be accessed at http://sleekmoney.com/insider-buying-clifton-bancorp-inc-csbk-insider-acquires-29849-00-in-stock/1658140.html.
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.
This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/insider-buying-clifton-bancorp-inc-csbk-insider-acquires-29849-00-in-stock/1658140.html
Receive News & Ratings for Clifton Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clifton Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.