Bank of New York Mellon Corp Sells 104,931 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Bank of New York Mellon Corp decreased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 23.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,651 shares of the bank’s stock after selling 104,931 shares during the quarter. Bank of New York Mellon Corp’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $3,191,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 1st quarter valued at approximately $53,000. Victory Capital Management Inc. acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at approximately $132,000. CWM LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% in the 2nd quarter. CWM LLC now owns 14,211 shares of the bank’s stock valued at $135,000 after acquiring an additional 11,913 shares in the last quarter. Caxton Associates LP raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 31.8% in the 1st quarter. Caxton Associates LP now owns 14,718 shares of the bank’s stock valued at $143,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at approximately $227,000. Institutional investors own 65.51% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 3.2 %

Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $11.78 on Monday. The business has a 50 day moving average price of $11.59 and a two-hundred day moving average price of $9.93. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market cap of $508.78 million, a price-to-earnings ratio of 15.71 and a beta of 0.75. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.31% and a net margin of 12.00%. The business had revenue of $31.55 million during the quarter, compared to analysts’ expectations of $30.96 million. As a group, equities analysts forecast that Northfield Bancorp, Inc. will post 0.66 EPS for the current year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.52 dividend on an annualized basis and a yield of 4.41%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 69.33%.

About Northfield Bancorp, Inc. (Staten Island, NY)

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; and brokered deposits.