Charles Schwab Investment Management Inc. Trims Holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Charles Schwab Investment Management Inc. trimmed its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 331,015 shares of the bank’s stock after selling 1,328 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.77% of Northfield Bancorp, Inc. (Staten Island, NY) worth $3,846,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NFBK. State Street Corp grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% during the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after buying an additional 385,711 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% in the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock valued at $3,249,000 after acquiring an additional 192,963 shares during the period. FMR LLC grew its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 226.1% during the third quarter. FMR LLC now owns 190,416 shares of the bank’s stock valued at $2,209,000 after acquiring an additional 132,016 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock worth $1,703,000 after purchasing an additional 83,960 shares in the last quarter. Finally, Barclays PLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% in the 3rd quarter. Barclays PLC now owns 89,471 shares of the bank’s stock worth $1,038,000 after purchasing an additional 75,182 shares in the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Insider Buying and Selling

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the sale, the director now owns 48,005 shares in the company, valued at approximately $570,779.45. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NFBK shares. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Keefe, Bruyette & Woods lowered their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

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

Shares of NASDAQ:NFBK opened at $11.23 on Thursday. The company’s fifty day moving average price is $11.59 and its 200-day moving average price is $11.98. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $484.19 million, a price-to-earnings ratio of 15.60 and a beta of 0.77. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its earnings results on Wednesday, January 22nd. The bank reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. On average, equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.63%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 72.22%.

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.