Legal & General Group Plc Sells 3,471 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Legal & General Group Plc trimmed its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 8.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,180 shares of the bank’s stock after selling 3,471 shares during the period. Legal & General Group Plc owned approximately 0.09% of Northfield Bancorp, Inc. (Staten Island, NY) worth $455,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $74,000. KLP Kapitalforvaltning AS purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth about $107,000. Marshall Financial Group LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth about $163,000. Ieq Capital LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth about $198,000. Finally, Polymer Capital Management US LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at about $208,000. 65.51% of the stock is owned by institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 3.9 %

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $10.55 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $14.39. The company has a market cap of $450.23 million, a price-to-earnings ratio of 14.65 and a beta of 0.68. The company’s 50 day moving average is $10.71 and its 200 day moving average is $11.71.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $34.81 million for the quarter, compared to the consensus estimate of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. Research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 68.42%.

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

In related news, Director Gil Chapman sold 11,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total transaction of $130,790.00. Following the transaction, the director now directly owns 48,005 shares in the company, valued at approximately $570,779.45. The trade was a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Tuesday.

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.