Vanguard Group Inc. Sells 1,143,559 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Vanguard Group Inc. reduced its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 24.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,566,406 shares of the bank’s stock after selling 1,143,559 shares during the quarter. Vanguard Group Inc. owned approximately 0.08% of Northfield Bancorp, Inc. (Staten Island, NY) worth $33,703,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 6.8% in the first quarter. Hsbc Holdings PLC now owns 12,752 shares of the bank’s stock valued at $184,000 after acquiring an additional 812 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 40,147 shares of the bank’s stock worth $591,000 after purchasing an additional 1,412 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 171.8% during the 1st quarter. Captrust Financial Advisors now owns 2,264 shares of the bank’s stock worth $33,000 after purchasing an additional 1,431 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 1.4% during the 4th quarter. Legal & General Group Plc now owns 105,565 shares of the bank’s stock worth $1,661,000 after purchasing an additional 1,495 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.3% in the 1st quarter. Sei Investments Co. now owns 14,973 shares of the bank’s stock valued at $176,000 after buying an additional 1,523 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NFBK has been the subject of several analyst reports. TheStreet cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Keefe, Bruyette & Woods decreased their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.4 %

NFBK stock opened at $8.48 on Friday. Northfield Bancorp, Inc. has a 1-year low of $8.24 and a 1-year high of $13.48. The business’s 50 day simple moving average is $9.95 and its 200 day simple moving average is $10.41. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $376.84 million, a PE ratio of 9.85 and a beta of 0.68.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $58.09 million during the quarter, compared to analysts’ expectations of $31.65 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 17.07% and a return on equity of 5.44%. As a group, research analysts anticipate that Northfield Bancorp, Inc. will post 0.71 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a $0.13 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.52 dividend on an annualized basis and a yield of 6.14%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 60.47%.

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.