Sanctuary Advisors LLC Takes Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Sanctuary Advisors LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 47,164 shares of the bank’s stock, valued at approximately $547,000.

Several other institutional investors have also added to or reduced their stakes in NFBK. nVerses Capital LLC boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after acquiring an additional 1,800 shares during the period. American Century Companies Inc. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock valued at $5,713,000 after purchasing an additional 62,473 shares during the period. Renaissance Technologies LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after purchasing an additional 41,500 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 19.6% during the second quarter. Sei Investments Co. now owns 39,066 shares of the bank’s stock worth $370,000 after purchasing an additional 6,393 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 101.8% in the second quarter. Thrivent Financial for Lutherans now owns 72,843 shares of the bank’s stock valued at $691,000 after buying an additional 36,741 shares during the period. 65.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th.

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

NASDAQ NFBK opened at $11.85 on Thursday. The firm’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $11.57. The firm has a market capitalization of $508.41 million, a price-to-earnings ratio of 18.52 and a beta of 0.78. 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.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates 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 firm had revenue of $62.90 million for the quarter, compared to the consensus estimate of $32.30 million. As a group, research analysts expect that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

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 dividend on an annualized basis 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 presently 81.25%.

Insiders Place Their Bets

In other news, Director Annette Catino sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the sale, the director now directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.48% of the company’s stock.

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