Cwm LLC Buys 2,666 Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK)

Cwm LLC grew its stake in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 9.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,571 shares of the bank’s stock after purchasing an additional 2,666 shares during the quarter. Cwm LLC owned about 0.07% of Northfield Bancorp worth $344,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NFBK. Quantbot Technologies LP bought a new position in Northfield Bancorp in the 4th quarter worth $74,000. American Century Companies Inc. grew its position in shares of Northfield Bancorp by 2.9% in the 4th quarter. American Century Companies Inc. now owns 670,618 shares of the bank’s stock worth $7,793,000 after buying an additional 18,829 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Northfield Bancorp in the 4th quarter worth about $107,000. JPMorgan Chase & Co. grew its position in shares of Northfield Bancorp by 28.1% in the 4th quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank’s stock worth $4,171,000 after buying an additional 78,843 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Northfield Bancorp by 127.3% in the 4th quarter. Franklin Resources Inc. now owns 43,161 shares of the bank’s stock worth $502,000 after buying an additional 24,169 shares during the period. 65.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the sale, the director directly owned 147,938 shares of the company’s stock, valued at approximately $1,498,611.94. This represents a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NFBK shares. Keefe, Bruyette & Woods reduced their target price on shares of Northfield Bancorp from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 29th. Piper Sandler raised shares of Northfield Bancorp from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd.

Northfield Bancorp Stock Down 4.3%

NASDAQ:NFBK opened at $10.88 on Friday. Northfield Bancorp, Inc. has a 1-year low of $9.40 and a 1-year high of $14.39. The firm’s 50-day moving average price is $11.70 and its 200-day moving average price is $11.33. The company has a market capitalization of $463.81 million, a PE ratio of 12.65 and a beta of 0.78. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.00 and a quick ratio of 0.98.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Northfield Bancorp had a net margin of 13.56% and a return on equity of 4.64%. The company had revenue of $33.21 million for the quarter, compared to the consensus estimate of $34.25 million. On average, equities analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Wednesday, August 6th. Northfield Bancorp’s dividend payout ratio (DPR) is 60.47%.

Northfield Bancorp 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.