BidaskClub cut shares of Clifton Bancorp Inc. (NASDAQ:CSBK) from a buy rating to a hold rating in a report published on Wednesday.

Clifton Bancorp (CSBK) traded up 0.8055% during mid-day trading on Wednesday, reaching $16.5825. The company had a trading volume of 13,246 shares. Clifton Bancorp has a 12-month low of $14.50 and a 12-month high of $17.49. The stock has a 50-day moving average of $16.59 and a 200 day moving average of $16.28. The company has a market capitalization of $357.49 million, a price-to-earnings ratio of 78.9643 and a beta of 0.40.

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

In other news, Chairman Paul M. Aguggia bought 8,264 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was acquired at an average cost of $16.23 per share, with a total value of $134,124.72. Following the completion of the transaction, 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 6.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Clifton Bancorp by 9.5% in the first quarter. Renaissance Technologies LLC now owns 1,517,762 shares of the savings and loans company’s stock worth $24,573,000 after buying an additional 131,600 shares during the last quarter. Eidelman Virant Capital bought a new position in Clifton Bancorp during the first quarter worth approximately $1,275,000. Dimensional Fund Advisors LP raised its position in Clifton Bancorp by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,203,843 shares of the savings and loans company’s stock worth $19,490,000 after buying an additional 71,749 shares during the last quarter. Vanguard Group Inc. raised its position in Clifton Bancorp by 7.9% in the first quarter. Vanguard Group Inc. now owns 958,207 shares of the savings and loans company’s stock worth $15,513,000 after buying an additional 70,207 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in 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 worth $2,292,000 after buying an additional 69,474 shares during the last quarter. 62.68% of the stock is owned by hedge funds and other institutional investors.

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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