Cwm LLC Raises Holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Cwm LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 90.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,057 shares of the bank’s stock after purchasing an additional 12,846 shares during the quarter. Cwm LLC’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NFBK. Vanguard Group Inc. raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock valued at $27,330,000 after buying an additional 17,267 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% in the second quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after acquiring an additional 41,500 shares during the period. Millennium Management LLC increased its position 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 acquiring an additional 964,286 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in 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. Finally, American Century Companies Inc. boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock worth $5,713,000 after buying an additional 62,473 shares during the last quarter. 65.51% of the stock is owned by institutional investors.

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

NASDAQ NFBK opened at $11.70 on Tuesday. The company’s 50 day moving average is $11.70 and its two-hundred day moving average is $10.29. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The stock has a market cap of $518.82 million, a price-to-earnings ratio of 15.60 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 for the quarter, topping the consensus estimate of $0.14 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. The company had revenue of $31.55 million during the quarter, compared to the consensus estimate of $30.96 million. As a group, research analysts anticipate that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Wednesday, August 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 69.33%.

Analysts Set New Price Targets

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

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.