Invesco Ltd. Reduces Position in Northfield Bancorp, Inc. $NFBK

Invesco Ltd. cut its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 24.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 120,858 shares of the bank’s stock after selling 38,559 shares during the period. Invesco Ltd. owned approximately 0.28% of Northfield Bancorp worth $1,319,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Northfield Bancorp by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank’s stock worth $25,713,000 after purchasing an additional 84,883 shares during the period. Northern Trust Corp boosted its stake in shares of Northfield Bancorp by 5.1% during the 4th quarter. Northern Trust Corp now owns 405,224 shares of the bank’s stock worth $4,709,000 after purchasing an additional 19,659 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Northfield Bancorp by 2.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 205,986 shares of the bank’s stock worth $2,394,000 after purchasing an additional 4,919 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Northfield Bancorp by 19.8% during the 4th quarter. Two Sigma Advisers LP now owns 201,500 shares of the bank’s stock worth $2,341,000 after purchasing an additional 33,300 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Northfield Bancorp by 33.5% during the 4th quarter. Jane Street Group LLC now owns 174,424 shares of the bank’s stock worth $2,027,000 after purchasing an additional 43,814 shares during the period. 65.51% of the stock is owned by hedge funds and other institutional investors.

Northfield Bancorp Price Performance

Northfield Bancorp stock opened at $11.85 on Tuesday. The stock has a market cap of $495.45 million, a price-to-earnings ratio of 13.78 and a beta of 0.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.00 and a quick ratio of 1.00. Northfield Bancorp, Inc. has a 1 year low of $9.40 and a 1 year high of $14.39. The firm has a 50-day moving average of $11.40 and a two-hundred day moving average of $11.24.

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

Northfield Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.4%. Northfield Bancorp’s dividend payout ratio is presently 60.47%.

Northfield Bancorp 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.