Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Holdings Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 23.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,651 shares of the bank’s stock after selling 104,931 shares during the quarter. Bank of New York Mellon Corp owned 0.76% of Northfield Bancorp, Inc. (Staten Island, NY) worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NFBK. EntryPoint Capital LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the first quarter valued at $53,000. Victory Capital Management Inc. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $132,000. CWM LLC boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% during the second quarter. CWM LLC now owns 14,211 shares of the bank’s stock valued at $135,000 after purchasing an additional 11,913 shares during the last quarter. Caxton Associates LP boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 31.8% during the first quarter. Caxton Associates LP now owns 14,718 shares of the bank’s stock valued at $143,000 after purchasing an additional 3,550 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $227,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

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

NFBK opened at $11.78 on Monday. The company has a market cap of $508.78 million, a PE ratio of 15.71 and a beta of 0.75. The stock has a 50-day moving average of $11.59 and a 200-day moving average of $9.93. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $13.48. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 1.10.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $31.55 million during the quarter, compared to the consensus estimate of $30.96 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.31% and a net margin of 12.00%. As a group, equities research analysts forecast that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.41%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 69.33%.

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.