Connor Clark & Lunn Investment Management Ltd. Purchases 29,531 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Connor Clark & Lunn Investment Management Ltd. increased its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 85.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,927 shares of the bank’s stock after acquiring an additional 29,531 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.15% of Northfield Bancorp, Inc. (Staten Island, NY) worth $742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock worth $27,330,000 after purchasing an additional 17,267 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 18.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,801 shares of the bank’s stock valued at $386,000 after acquiring an additional 6,174 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,748 shares of the bank’s stock valued at $377,000 after acquiring an additional 1,165 shares during the last quarter. CWM LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% in the second quarter. CWM LLC now owns 14,211 shares of the bank’s stock worth $135,000 after acquiring an additional 11,913 shares during the period. Finally, nVerses Capital LLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,800 shares during the period. 65.51% of the stock is owned by institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

NASDAQ NFBK opened at $13.43 on Friday. The company has a 50-day moving average price of $12.28 and a 200-day moving average price of $11.05. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $576.15 million, a P/E ratio of 20.98 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $62.90 million during the quarter, compared to analysts’ expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. Equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.87%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 81.25%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd.

Northfield Bancorp, Inc. (Staten Island, NY) Company Profile

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.