CWA Asset Management Group LLC Invests $1.08 Million in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

CWA Asset Management Group LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 93,472 shares of the bank's stock, valued at approximately $1,084,000. CWA Asset Management Group LLC owned approximately 0.22% of Northfield Bancorp, Inc. (Staten Island, NY) at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank's stock worth $27,330,000 after buying an additional 17,267 shares during the last quarter. Renaissance Technologies LLC boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank's stock valued at $13,624,000 after buying an additional 41,500 shares during the last quarter. Millennium Management LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% during the second quarter. Millennium Management LLC now owns 1,074,151 shares of the bank's stock worth $10,183,000 after purchasing an additional 964,286 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% during the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank's stock worth $8,766,000 after purchasing an additional 379,695 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the second quarter. American Century Companies Inc. now owns 602,688 shares of the bank's stock worth $5,713,000 after acquiring an additional 62,473 shares during the last quarter. Hedge funds and other institutional investors own 65.51% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the stock a "market perform" rating in a report on Tuesday, July 30th.

Northfield Bancorp, Inc. (Staten Island, NY) Price Performance

Shares of NASDAQ NFBK traded up $0.56 during mid-day trading on Monday, reaching $14.10. 62,197 shares of the company traded hands, compared to its average volume of 277,196. The firm has a market cap of $608.98 million, a PE ratio of 21.16 and a beta of 0.74. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.20. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a fifty day simple moving average of $11.81 and a 200-day simple moving average of $10.64.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. Equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.69%. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is currently 81.25%.

Northfield Bancorp, Inc. (Staten Island, NY) 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.