Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Bought by State Street Corp

State Street Corp increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 36.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,442,937 shares of the bank’s stock after acquiring an additional 385,711 shares during the quarter. State Street Corp’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $16,738,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% during the second quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after buying an additional 964,286 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% during the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after acquiring an additional 379,695 shares during the period. Marshall Wace LLP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at approximately $2,180,000. GSA Capital Partners LLP lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% in the 3rd quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock valued at $2,296,000 after acquiring an additional 155,592 shares in the last quarter. Finally, FMR LLC boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 226.1% in the 3rd quarter. FMR LLC now owns 190,416 shares of the bank’s stock worth $2,209,000 after purchasing an additional 132,016 shares during the period. 65.51% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ:NFBK opened at $11.85 on Wednesday. The business has a fifty day simple moving average of $12.77 and a 200 day simple moving average of $11.55. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39. The firm has a market cap of $508.41 million, a price-to-earnings ratio of 18.52 and a beta of 0.78.

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

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 81.25%.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In related news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.12, for a total value of $288,640.00. Following the transaction, the director now directly owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on NFBK shares. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods raised their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

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.