Northfield Bancorp, Inc. $NFBK Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lessened its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 9.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,103 shares of the bank’s stock after selling 2,294 shares during the quarter. MetLife Investment Management LLC’s holdings in Northfield Bancorp were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jump Financial LLC raised its position in Northfield Bancorp by 54.0% during the first quarter. Jump Financial LLC now owns 19,005 shares of the bank’s stock worth $207,000 after acquiring an additional 6,665 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Northfield Bancorp by 1.4% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 897,611 shares of the bank’s stock worth $9,793,000 after acquiring an additional 12,390 shares during the last quarter. Hsbc Holdings PLC raised its position in Northfield Bancorp by 10.3% during the first quarter. Hsbc Holdings PLC now owns 72,039 shares of the bank’s stock worth $788,000 after acquiring an additional 6,735 shares during the last quarter. American Century Companies Inc. raised its position in Northfield Bancorp by 0.8% during the first quarter. American Century Companies Inc. now owns 676,028 shares of the bank’s stock worth $7,375,000 after acquiring an additional 5,410 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Northfield Bancorp during the first quarter worth about $1,225,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

Northfield Bancorp Stock Performance

Shares of NFBK opened at $11.64 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.26. The stock has a market cap of $486.67 million, a P/E ratio of 13.53 and a beta of 0.87. The company has a 50-day moving average of $11.42 and a two-hundred day moving average of $11.24. Northfield Bancorp, Inc. has a 12-month low of $9.40 and a 12-month high of $14.39.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, August 6th. Northfield Bancorp’s payout ratio is currently 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.