Price Action to Note: Is Clifton Bancorp Inc.’s Fuel Running Low? The Stock Reaches 52-Week High Today

Price Action to Note: Is Clifton Bancorp Inc.'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Clifton Bancorp Inc. (NASDAQ:CSBK) hit a new 52-week high and has $23.99 target or 57.00% above today’s $15.28 share price. The 7 months bullish chart indicates low risk for the $356.00 million company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $23.99 price target is reached, the company will be worth $202.92 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 25,767 shares traded hands. Clifton Bancorp Inc. (NASDAQ:CSBK) has risen 0.66% since April 1, 2016 and is uptrending. It has underperformed by 0.55% the S&P500.

According to Zacks Investment Research, “Clifton Bancorp Inc. operates as the holding company for Clifton Savings Bank. The Bank provides various financial services to consumers and businesses in New Jersey. It attracts deposits from the general public and uses those funds to originate a variety of loans. The Bank offers liquid and term deposit instruments, including checking accounts, business checking accounts, high-yield checking accounts, money market accounts, passbook and statement savings accounts and club and certificates of deposit. The company’s loan portfolio consists of owner-occupied and one- to four-family mortgage loans, multi-family and commercial mortgage loans, residential construction loans, second mortgage loans, home equity loans, and home equity lines of credit. Clifton Bancorp Inc. is headquartered in Clifton, New Jersey.”

Insitutional Activity: The institutional sentiment decreased to 0.56 in 2016 Q2. Its down 0.29, from 0.85 in 2016Q1. The ratio turned negative, as 4 funds sold all Clifton Bancorp Inc. shares owned while 39 reduced positions. 9 funds bought stakes while 15 increased positions. They now own 13.98 million shares or 6.28% less from 14.92 million shares in 2016Q1.
Moreover, Nationwide Fund has 0% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 16,990 shares. Highlander Limited Liability last reported 2,493 shares in the company. Aperio Gru Ltd Liability Com last reported 30,639 shares in the company. Royal Retail Bank Of Canada last reported 44 shares in the company. First Manhattan owns 10,933 shares or 0% of their US portfolio. Raymond James Financial Serv reported 20,150 shares or 0% of all its holdings. Natl Bank Of America De has 7,242 shares for 0% of their US portfolio. Moreover, Wells Fargo & Mn has 0% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 28,619 shares. Price T Rowe Inc Md last reported 2.60 million shares in the company. Metropolitan Life Ins Communication Ny holds 0% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK) for 19,586 shares. Salzhauer Michael accumulated 0.17% or 13,697 shares. Susquehanna Llp has invested 0% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK). Blackrock holds 0% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK) for 4,315 shares. Allianz Asset Mngmt Ag has 0% invested in the company for 11,465 shares. Td Asset Mgmt Incorporated holds 12,300 shares or 0% of its portfolio.

More recent Clifton Bancorp Inc. (NASDAQ:CSBK) news were published by: Barrons.com which released: “Clifton Bancorp Inc.” on October 31, 2016. Also Businesswire.com published the news titled: “Clifton Bancorp Inc. Announces Expansion into Hoboken, New Jersey” on March 18, 2015. Businesswire.com‘s news article titled: “Clifton Bancorp Inc. Announces Appointment of Tricia Cademartori Hrotko to …” with publication date: April 03, 2014 was also an interesting one.

CSBK Company Profile

Clifton Bancorp Inc. (Clifton Bancorp), incorporated on November 19, 2013, is a savings and loan holding company. The Firm operates through its subsidiary, Clifton Savings Bank (the Bank). The Firm operates as a community-oriented financial institution offering financial services to clients and businesses in its market area. It attracts deposits from the general public and uses those funds to originate one- to four-family, multi-family, and commercial real estate and consumer loans, which it holds for investment. Clifton Savings has a subsidiary, Botany Inc., which is an investment company. In addition to the main office located in Passaic County, the Bank operates over 10 banking centers in Bergen, Passaic and Hudson Counties in New Jersey, which, along with Essex, Morris, and Union Counties in New Jersey, comprise its market area.

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