The Manufacturers Life Insurance Company Purchases 2,030 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

The Manufacturers Life Insurance Company raised its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,752 shares of the bank’s stock after buying an additional 2,030 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% in the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after acquiring an additional 1,800 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at approximately $47,000. EntryPoint Capital LLC purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 1st quarter valued at approximately $53,000. CWM LLC boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% in the 2nd quarter. CWM LLC now owns 14,211 shares of the bank’s stock worth $135,000 after buying an additional 11,913 shares during the period. Finally, Caxton Associates LP boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 31.8% in the 1st quarter. Caxton Associates LP now owns 14,718 shares of the bank’s stock worth $143,000 after buying an additional 3,550 shares during the period. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.7 %

NFBK stock opened at $12.45 on Friday. The stock has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $10.26. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $13.48. The firm has a market capitalization of $552.08 million, a PE ratio of 16.60 and a beta of 0.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.66.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. The company had revenue of $31.55 million during the quarter, compared to analysts’ expectations of $30.96 million. On average, equities analysts predict that Northfield Bancorp, Inc. will post 0.67 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.18%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 69.33%.

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

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.