Clifton Bancorp Inc. (CSBK) Sees Strong Trading Volume
Shares of Clifton Bancorp Inc. (NASDAQ:CSBK) saw strong trading volume on Friday . 249,325 shares were traded during trading, an increase of 210% from the previous session’s volume of 80,468 shares.The stock last traded at $15.15 and had previously closed at $14.97.
Separately, Compass Point upped their target price on Clifton Bancorp from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, May 11th.
The stock has a market cap of $346.74 million and a price-to-earnings ratio of 68.86. The stock has a 50-day moving average of $14.98 and a 200 day moving average of $14.75.
Clifton Bancorp (NASDAQ:CSBK) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Equities research analysts expect that Clifton Bancorp Inc. will post $0.27 EPS for the current year.
An institutional investor recently raised its position in Clifton Bancorp stock. Dimensional Fund Advisors LP boosted its stake in Clifton Bancorp Inc. (NASDAQ:CSBK) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 835,558 shares of the company’s stock after buying an additional 80,477 shares during the period. Dimensional Fund Advisors LP owned about 3.47% of Clifton Bancorp worth $11,982,000 at the end of the most recent reporting period.
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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