Worth Watching: What Will Happen to Clifton Bancorp Inc. Next? The Stock Just Reaches Record High

Worth Watching: What Will Happen to Clifton Bancorp Inc. Next? The Stock Just Reaches Record High

The stock of Clifton Bancorp Inc. (NASDAQ:CSBK) reached all time high today, Nov, 14 and still has $22.13 target or 35.00% above today’s $16.39 share price. This indicates more upside for the $374.50 million company. This technical setup was reported by Barchart.com. If the $22.13 PT is reached, the company will be worth $131.08 million 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 53,062 shares traded hands or 10.07% up from the average. Clifton Bancorp Inc. (NASDAQ:CSBK) has risen 7.62% since April 12, 2016 and is uptrending. It has outperformed by 2.63% 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 dived, 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.
State Street, a Massachusetts-based fund reported 479,329 shares. Tiaa Cref Mngmt Ltd Llc last reported 76,454 shares in the company. Deutsche Savings Bank Ag reported 4,631 shares or 0% of all its holdings. Los Angeles Mngmt & Equity Rech has 0.01% invested in the company for 39,225 shares. Springbok Mngmt Ltd Liability holds 0% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK) for 100 shares. The Texas-based Dimensional Fund Lp has invested 0.01% in Clifton Bancorp Inc. (NASDAQ:CSBK). The Washington-based Parametric Associate Ltd Liability has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK). Grace And White holds 0.9% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK) for 263,785 shares. The New York-based Amer Intl Inc has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK). First Manhattan Co owns 10,933 shares or 0% of their US portfolio. Seidman Lawrence B has 4.36% invested in the company for 422,473 shares. Metropolitan Life Ins reported 19,586 shares or 0% of all its holdings. California Public Employees Retirement holds 0% or 29,000 shares in its portfolio. Sei Investments last reported 0% of its portfolio in the stock. The Pennsylvania-based Vanguard Grp has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK).

More recent Clifton Bancorp Inc. (NASDAQ:CSBK) news were published by: Barrons.com which released: “Clifton Bancorp Inc.” on August 26, 2015. Also Businesswire.com published the news titled: “Clifton Bancorp Inc. Announces Financial Results for the Second Quarter Ended …” on November 02, 2016. 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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