Franklin Resources Inc. Lowers Stock Holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Franklin Resources Inc. cut its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 54.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,992 shares of the bank’s stock after selling 22,353 shares during the period. Franklin Resources Inc.’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $223,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NFBK. Signaturefd LLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the third quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock valued at $25,000 after purchasing an additional 1,488 shares during the period. nVerses Capital LLC boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after buying an additional 1,800 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank’s stock valued at $59,000 after buying an additional 1,854 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank’s stock valued at $159,000 after acquiring an additional 2,030 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

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

In related news, Director Annette Catino sold 22,000 shares of the business’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 transaction 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. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NFBK shares. Keefe, Bruyette & Woods upped their price target on shares of 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. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 0.2 %

Shares of NASDAQ:NFBK opened at $11.62 on Thursday. The stock has a 50-day simple moving average of $12.70 and a 200-day simple moving average of $11.71. The stock has a market capitalization of $498.54 million, a P/E ratio of 18.16 and a beta of 0.78. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The company had revenue of $62.90 million during the quarter, compared to the consensus estimate of $32.30 million. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 81.25%.

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.