Royce & Associates LP continued to hold its position in shares of Clifton Bancorp Inc. (NASDAQ:CSBK) during the first quarter, Holdings Channel reports. The fund owned 325,100 shares of the savings and loans company’s stock at the end of the first quarter. Royce & Associates LP’s holdings in Clifton Bancorp were worth $5,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Clifton Bancorp by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 114,355 shares of the savings and loans company’s stock valued at $1,852,000 after buying an additional 2,857 shares during the period. First Trust Advisors LP boosted its position 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 valued at $688,000 after buying an additional 3,614 shares during the period. Monarch Partners Asset Management LLC boosted its position 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 valued at $596,000 after buying an additional 4,740 shares during the period. Wells Fargo & Company MN boosted its position 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 valued at $2,292,000 after buying an additional 69,474 shares during the period. Finally, Eidelman Virant Capital acquired a new position in shares of Clifton Bancorp during the first quarter valued at about $1,275,000. 62.68% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Clifton Bancorp (NASDAQ:CSBK)

Shares of Clifton Bancorp Inc. (NASDAQ CSBK) traded down 1.01% on Tuesday, hitting $16.69. 12,618 shares of the company traded hands. The company has a market capitalization of $359.80 million, a PE ratio of 79.48 and a beta of 0.40. Clifton Bancorp Inc. has a 12 month low of $14.11 and a 12 month high of $17.49. The stock’s 50-day moving average price is $16.42 and its 200-day moving average price is $16.32.

The company also recently disclosed a special dividend, which will be paid on Thursday, July 13th. Shareholders of record on Thursday, June 29th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 27th. This represents a yield of 1.42%. Clifton Bancorp’s payout ratio is currently 109.10%.

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In related news, Chairman Paul M. Aguggia purchased 8,264 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was acquired at an average price of $16.23 per share, for a total transaction of $134,124.72. Following the acquisition, the chairman now directly owns 30,020 shares of the company’s stock, valued at approximately $487,224.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

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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