Jacobs Levy Equity Management Inc. Purchases 66,003 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Jacobs Levy Equity Management Inc. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 48.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,067 shares of the bank's stock after purchasing an additional 66,003 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.47% of Northfield Bancorp, Inc. (Staten Island, NY) worth $2,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake 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 in the last quarter. Signaturefd LLC boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock valued at $25,000 after buying an additional 1,488 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank's stock valued at $33,000 after buying an additional 1,800 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% during the second quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank's stock worth $159,000 after buying an additional 2,030 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter worth $30,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NFBK shares. Keefe, Bruyette & Woods increased their price objective 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 raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a report on Thursday.

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

NASDAQ:NFBK traded down $0.05 during midday trading on Friday, reaching $13.11. 100,752 shares of the company traded hands, compared to its average volume of 143,423. The company has a fifty day moving average price of $12.49 and a 200 day moving average price of $11.24. 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 firm has a market capitalization of $562.47 million, a price-to-earnings ratio of 20.48 and a beta of 0.78. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings results 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 return on equity of 4.05% and a net margin of 10.94%. The company had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. On average, analysts expect that Northfield Bancorp, Inc. will post 0.66 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is currently 81.25%.

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