Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Acquired by State Street Corp

State Street Corp raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 36.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,442,937 shares of the bank's stock after acquiring an additional 385,711 shares during the period. State Street Corp owned approximately 3.36% of Northfield Bancorp, Inc. (Staten Island, NY) worth $16,738,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during the third quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock worth $25,000 after acquiring an additional 1,488 shares during the period. Quarry LP purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at approximately $28,000. Point72 Asset Management L.P. acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter valued at $30,000. nVerses Capital LLC boosted its holdings 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 buying an additional 1,800 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at $47,000. Institutional investors and hedge funds own 65.51% of the company's stock.

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

NFBK stock traded up $0.03 during mid-day trading on Wednesday, reaching $11.85. The company's stock had a trading volume of 51,208 shares, compared to its average volume of 266,829. The stock has a market cap of $508.41 million, a PE ratio of 18.52 and a beta of 0.78. The company's 50 day moving average is $12.77 and its two-hundred day moving average is $11.57. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share 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. Equities research analysts expect that Northfield Bancorp, Inc. will post 0.66 EPS 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 4.39%. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is 81.25%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a research report on Thursday, December 5th.

Insider Activity

In other news, Director Annette Catino sold 22,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $13.12, for a total transaction of $288,640.00. Following the completion of the transaction, the director now directly owns 225,653 shares in the company, valued at approximately $2,960,567.36. This represents a 8.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.48% of the company's stock.

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.