Price Action To Observe: Can Clifton Bancorp Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Price Action To Observe: Can Clifton Bancorp Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Clifton Bancorp Inc. (NASDAQ:CSBK) hit a new 52-week high and has $26.71 target or 70.00% above today’s $15.71 share price. The 7 months bullish chart indicates low risk for the $356.07 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $26.71 price target is reached, the company will be worth $249.25 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 55,499 shares traded hands or 38.78% up from the average. Clifton Bancorp Inc. (NASDAQ:CSBK) has risen 3.83% since April 7, 2016 and is uptrending. It has underperformed by 0.95% 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.
Millennium Management Ltd accumulated 17,891 shares or 0% of the stock. D E Shaw And Co Incorporated, a New York-based fund reported 62,057 shares. State Street has 479,329 shares for 0% of their US portfolio. Corbyn Invest Mngmt Md last reported 350,542 shares in the company. Highlander Cap Mngmt Ltd Liability holds 2,493 shares or 0.03% of its portfolio. Legal General Group Public Limited Company, a United Kingdom-based fund reported 5,076 shares. Foundry Prns Lc last reported 127,298 shares in the company. Gsa Cap Partners Limited Liability Partnership holds 0.01% or 10,431 shares in its portfolio. Price Michael F has invested 0.59% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK). The New York-based First Manhattan has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK). Renaissance Ltd Liability Co accumulated 1.21 million shares or 0.03% of the stock. Moreover, Blackrock Fund Advisors has 0% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 577,435 shares. California State Teachers Retirement Sys last reported 0% of its portfolio in the stock. Goldman Sachs Gp has 18,839 shares for 0% of their US portfolio. Sei Invs accumulated 2,945 shares or 0% of the stock.

More 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 the news titled: “Clifton Bancorp Inc.” on August 26, 2015. Businesswire.com‘s news article titled: “Clifton Bancorp Inc. Announces Expansion into Hoboken, New Jersey” with publication date: March 18, 2015 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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