Cwm LLC Sells 3,133 Shares of Northfield Bancorp, Inc. $NFBK

Cwm LLC reduced its position in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,438 shares of the bank’s stock after selling 3,133 shares during the quarter. Cwm LLC owned 0.07% of Northfield Bancorp worth $326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NFBK. GAMMA Investing LLC raised its holdings in shares of Northfield Bancorp by 113.7% in the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank’s stock valued at $42,000 after acquiring an additional 2,059 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Northfield Bancorp in the second quarter valued at about $138,000. TIAA Trust National Association bought a new stake in shares of Northfield Bancorp in the first quarter valued at about $141,000. Baron Wealth Management LLC bought a new stake in shares of Northfield Bancorp in the second quarter valued at about $146,000. Finally, Jump Financial LLC grew its stake in Northfield Bancorp by 54.0% in the first quarter. Jump Financial LLC now owns 19,005 shares of the bank’s stock valued at $207,000 after purchasing an additional 6,665 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.00.

Northfield Bancorp Price Performance

Shares of NASDAQ NFBK opened at $10.87 on Friday. The business’s 50 day moving average price is $11.50 and its 200 day moving average price is $11.32. The firm has a market cap of $454.47 million, a P/E ratio of 11.21 and a beta of 0.85. Northfield Bancorp, Inc. has a 52 week low of $9.40 and a 52 week high of $14.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 22nd. The bank reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $39.24 million for the quarter, compared to analyst estimates of $39.10 million. Northfield Bancorp had a return on equity of 5.20% and a net margin of 14.92%. On average, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.52 dividend on an annualized basis and a yield of 4.8%. Northfield Bancorp’s payout ratio is presently 53.61%.

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.