Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC decreased its stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 14.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 867,821 shares of the bank's stock after selling 145,060 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 2.02% of Northfield Bancorp, Inc. (Staten Island, NY) worth $10,067,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 3.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,748 shares of the bank's stock worth $377,000 after acquiring an additional 1,165 shares during the period. Signaturefd LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock worth $25,000 after purchasing an additional 1,488 shares during the period. nVerses Capital LLC boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank's stock worth $33,000 after purchasing an additional 1,800 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% in the second quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank's stock valued at $159,000 after purchasing an additional 2,030 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at approximately $30,000. 65.51% of the stock is owned by institutional investors and hedge funds.

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

Shares of NFBK traded down $0.10 during trading hours on Thursday, hitting $13.16. 139,784 shares of the stock were exchanged, compared to its average volume of 267,346. The stock's 50-day moving average price is $12.42 and its two-hundred day moving average price is $11.18. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $564.56 million, a price-to-earnings ratio of 20.72 and a beta of 0.78.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (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 business had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. Research analysts expect that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a $0.13 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 3.95%. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is 81.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a "market perform" rating in a research note on Wednesday. StockNews.com cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd.

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.