The
company operates Clifton Savings Bank, a community-oriented bank that
provides a range of financial services to individuals and businesses
in New Jersey.
Clifton Savings Bank's services include checking
and savings accounts, home mortgages, personal loans, and business
banking services. The bank also offers a range of online and mobile
banking services to its customers.
The bank has a long history,
dating back to 1928, and has built a strong reputation for its
personalized service and commitment to the local community.
As
of my knowledge cutoff of September 2021, Clifton Bancorp Inc. was
performing well financially, with strong revenue and earnings growth
in recent years. The company's revenue for the fiscal year 2020 was
$58.3 million, representing an increase of 3.3% compared to the
previous year. Net income for the same period was $13.8 million, an
increase of 21.1% compared to the previous year.
Clifton
Bancorp Inc. has a market capitalization of approximately $381 million
as of my knowledge cutoff of September 2021, and its stock is listed
on the NASDAQ stock exchange under the ticker symbol CSBK. The company
has a dividend yield of approximately 3.7%, and it has a history of
paying regular dividends to its shareholders.
The banking
industry is subject to various risks, including changes in interest
rates, credit risk, and regulatory changes. However, Clifton Bancorp
Inc. has a strong financial position and a long history of serving its
local community, which should position it well for continued success
in
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