Driehaus Capital Management LLC decreased its position in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) by 64.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,575 shares of the savings and loans company’s stock after selling 97,100 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.25% of Clifton Bancorp worth $933,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in Clifton Bancorp in the second quarter valued at approximately $397,000. State Street Corp lifted its position in Clifton Bancorp by 5.8% during the second quarter. State Street Corp now owns 561,297 shares of the savings and loans company’s stock worth $9,280,000 after buying an additional 30,917 shares in the last quarter. Nationwide Fund Advisors raised its position in Clifton Bancorp by 99.2% in the third quarter. Nationwide Fund Advisors now owns 33,681 shares of the savings and loans company’s stock valued at $563,000 after purchasing an additional 16,775 shares during the period. Schwab Charles Investment Management Inc. raised its position in Clifton Bancorp by 5.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 87,208 shares of the savings and loans company’s stock valued at $1,459,000 after purchasing an additional 4,543 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Clifton Bancorp by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,341,986 shares of the savings and loans company’s stock valued at $22,438,000 after purchasing an additional 42,525 shares during the period. 58.73% of the stock is currently owned by institutional investors.
Shares of Clifton Bancorp stock traded down $0.16 during mid-day trading on Thursday, hitting $15.61. The stock had a trading volume of 5,316 shares, compared to its average volume of 60,996. The stock has a market cap of $348.94, a P/E ratio of 46.44 and a beta of 0.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.53. Clifton Bancorp Inc. has a fifty-two week low of $15.20 and a fifty-two week high of $17.94.
Clifton Bancorp (NASDAQ:CSBK) last announced its earnings results on Friday, February 2nd. The savings and loans company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Clifton Bancorp had a return on equity of 2.44% and a net margin of 9.23%. The firm had revenue of $8.56 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Friday, March 2nd. Investors of record on Friday, February 16th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Thursday, February 15th. Clifton Bancorp’s dividend payout ratio (DPR) is currently 109.10%.
A number of research firms have commented on CSBK. BidaskClub downgraded Clifton Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 9th. TheStreet cut Clifton Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th.
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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