The stock of Clifton Bancorp Inc. (NASDAQ:CSBK) reached all time high today, Nov, 3 and still has $42.75 target or 176.00% above today’s $15.49 share price. This indicates more upside for the $356.00 million company. This technical setup was reported by Barchart.com. If the $42.75 PT is reached, the company will be worth $626.56M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 97,846 shares traded hands or 160.36% up from the average. 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 Q2 2016. Its down 0.29, from 0.85 in 2016Q1. The ratio fall, 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.
Natl Bank Of America De, a North Carolina-based fund reported 7,242 shares. California Employees Retirement System holds 0% or 29,000 shares in its portfolio. Td Asset Management holds 0% or 12,300 shares in its portfolio. The New York-based Hutchin Hill Capital L P has invested 0.07% in Clifton Bancorp Inc. (NASDAQ:CSBK). Tiaa Cref Investment Management Llc owns 76,454 shares or 0% of their US portfolio. Morgan Stanley holds 12,912 shares or 0% of its portfolio. The New York-based International Group Inc Inc has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK). Hennessy Inc holds 575,000 shares or 0.26% of its portfolio. Bridgeway Cap Mgmt has 115,500 shares for 0.03% of their US portfolio. Springbok Cap Mgmt Ltd Llc reported 100 shares or 0% of all its holdings. Seizert Prtnrs Ltd Limited Liability Company reported 232,864 shares or 0.13% of all its holdings. Blackrock Advsrs Limited Liability has 11,462 shares for 0% of their US portfolio. Banc Funds Com Limited Liability Company reported 83,332 shares or 0.07% of all its holdings. Invesco Ltd accumulated 26,735 shares or 0% of the stock. Salzhauer Michael last reported 13,697 shares in the company.
More important recent Clifton Bancorp Inc. (NASDAQ:CSBK) news were published by: Businesswire.com which released: “Clifton Bancorp Inc. Announces Financial Results for the Second Quarter Ended …” on November 02, 2016, also Barrons.com published article titled: “Clifton Bancorp Inc.”, Businesswire.com published: “Clifton Bancorp Inc. Announces Expansion into Hoboken, New Jersey” on March 18, 2015. More interesting news about Clifton Bancorp Inc. (NASDAQ:CSBK) was released by: Businesswire.com and their article: “Clifton Bancorp Inc. Announces Appointment of Tricia Cademartori Hrotko to …” with publication date: April 03, 2014.
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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