Campbell & CO Investment Adviser LLC Makes New $224,000 Investment in Northfield Bancorp, Inc. $NFBK

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,488 shares of the bank’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also modified their holdings of NFBK. Cullen Frost Bankers Inc. bought a new stake in shares of Northfield Bancorp during the 2nd quarter worth $31,000. Vanguard Personalized Indexing Management LLC acquired a new position in Northfield Bancorp during the 2nd quarter worth $138,000. TIAA Trust National Association acquired a new position in Northfield Bancorp during the 1st quarter worth $141,000. Baron Wealth Management LLC bought a new stake in Northfield Bancorp during the second quarter valued at about $146,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Northfield Bancorp in the second quarter valued at about $172,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Northfield Bancorp in a research report on Friday, October 31st. Keefe, Bruyette & Woods cut their price target on Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.00.

Northfield Bancorp Trading Down 4.2%

Shares of NFBK opened at $10.14 on Tuesday. The stock’s 50-day moving average price is $11.08 and its 200 day moving average price is $11.38. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $423.85 million, a price-to-earnings ratio of 10.45 and a beta of 0.89. 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 quarterly earnings data on Thursday, October 23rd. The bank reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The company 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%. As a group, research analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, November 5th. This represents a $0.52 dividend on an annualized basis and a yield of 5.1%. Northfield Bancorp’s payout ratio is currently 53.61%.

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.