New York State Teachers Retirement System Sells 4,100 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

New York State Teachers Retirement System decreased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Rating) by 29.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,914 shares of the bank’s stock after selling 4,100 shares during the quarter. New York State Teachers Retirement System’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $142,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 171.8% in the first quarter. Captrust Financial Advisors now owns 2,264 shares of the bank’s stock valued at $33,000 after buying an additional 1,431 shares during the period. Mutual of America Capital Management LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 15.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 7,227 shares of the bank’s stock valued at $94,000 after acquiring an additional 979 shares in the last quarter. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter worth $130,000. Trexquant Investment LP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth about $137,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at approximately $157,000. 57.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Frank P. Patafio sold 40,516 shares of the stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $15.86, for a total value of $642,583.76. Following the completion of the sale, the director now owns 201,167 shares of the company’s stock, valued at $3,190,508.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director John P. Connors, Jr. sold 6,324 shares of the stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $16.03, for a total transaction of $101,373.72. Following the completion of the sale, the director now directly owns 147,871 shares in the company, valued at approximately $2,370,372.13. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank P. Patafio sold 40,516 shares of the stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $15.86, for a total value of $642,583.76. Following the sale, the director now owns 201,167 shares of the company’s stock, valued at $3,190,508.62. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

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

Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $15.81 on Friday. The stock has a 50-day moving average price of $15.65 and a two-hundred day moving average price of $15.06. Northfield Bancorp, Inc. has a 12 month low of $11.87 and a 12 month high of $17.03. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $755.26 million, a PE ratio of 11.71 and a beta of 0.67.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Rating) last posted its earnings results on Wednesday, October 26th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 34.70% and a return on equity of 8.81%. The firm had revenue of $44.30 million for the quarter, compared to analyst estimates of $43.00 million. Analysts expect that Northfield Bancorp, Inc. will post 1.37 EPS 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 23rd. Investors of record on Wednesday, November 9th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.29%. The ex-dividend date was Tuesday, November 8th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 38.52%.

Wall Street Analyst Weigh In

NFBK has been the topic of several recent analyst reports. Piper Sandler lifted their price target on Northfield Bancorp, Inc. (Staten Island, NY) to $17.00 in a research note on Tuesday, November 1st. StockNews.com assumed coverage on shares of Northfield Bancorp, Inc. (Staten Island, NY) in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

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

(Get Rating)

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking 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; individual retirement accounts; and brokered deposits.

See Also

Institutional Ownership by Quarter for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

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