Price Action Alert: What’s Next for Clifton Bancorp Inc. After Reaching All-Time High?

Price Action Alert: What's Next for Clifton Bancorp Inc. After Reaching All Time High?

The stock of Clifton Bancorp Inc. (NASDAQ:CSBK) reached all time high today, Nov, 22 and still has $17.56 target or 6.00% above today’s $16.57 share price. This indicates more upside for the $381.42M company. This technical setup was reported by Barchart.com. If the $17.56 PT is reached, the company will be worth $22.89M 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 13,459 shares traded hands. Clifton Bancorp Inc. (NASDAQ:CSBK) has risen 9.97% since April 20, 2016 and is uptrending. It has outperformed by 5.41% 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 increased to 1.23 in 2016 Q2. Its up 0.67, from 0.56 in 2016Q1. The ratio increased, 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, Morgan Stanley has 0% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 12,912 shares. Barclays Public Ltd has 0% invested in the company for 94 shares. California Pub Employees Retirement Sys accumulated 29,000 shares or 0% of the stock. The California-based Blackrock Fund Advsr has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK). Deutsche Savings Bank Ag last reported 4,631 shares in the company. Allianz Asset Ag has invested 0% of its portfolio in Clifton Bancorp Inc. (NASDAQ:CSBK). Moreover, Salzhauer Michael has 0.17% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 13,697 shares. Moreover, State Street has 0% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 479,329 shares. Credit Suisse Ag owns 12,879 shares or 0% of their US portfolio. Seidman Lawrence B last reported 4.36% of its portfolio in the stock. Bnp Paribas Arbitrage Sa, a New York-based fund reported 848 shares. Vanguard Group holds 652,835 shares or 0% of its portfolio. Geode Ltd last reported 166,699 shares in the company. Moreover, Driehaus Capital Management Ltd Liability has 0.04% invested in Clifton Bancorp Inc. (NASDAQ:CSBK) for 75,000 shares. The Washington-based Parametric Port Assoc Limited Liability Corp has invested 0% in Clifton Bancorp Inc. (NASDAQ:CSBK).

Another recent and important Clifton Bancorp Inc. (NASDAQ:CSBK) news was published by Barrons.com which published an article titled: “Clifton Bancorp Inc.” on August 26, 2015.

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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