Bank of New York Mellon Corp Reduces Stock Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Bank of New York Mellon Corp lowered its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,177 shares of the bank’s stock after selling 19,858 shares during the quarter. Bank of New York Mellon Corp owned about 0.60% of Northfield Bancorp, Inc. (Staten Island, NY) worth $3,012,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth $547,000. Barclays PLC raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% during the third quarter. Barclays PLC now owns 89,471 shares of the bank’s stock worth $1,038,000 after purchasing an additional 75,182 shares during the last quarter. State Street Corp boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the third quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock worth $16,738,000 after buying an additional 385,711 shares during the last quarter. FMR LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 226.1% during the 3rd quarter. FMR LLC now owns 190,416 shares of the bank’s stock worth $2,209,000 after purchasing an additional 132,016 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% during the fourth 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. Hedge funds and other institutional investors own 65.51% of the company’s stock.

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

Shares of NFBK opened at $11.33 on Friday. The company’s 50 day simple moving average is $11.57 and its 200-day simple moving average is $11.98. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. The firm has a market cap of $488.50 million, a PE ratio of 15.74 and a beta of 0.77. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 72.22%.

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 dated Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total transaction of $130,790.00. Following the transaction, the director now owns 48,005 shares in the company, valued at $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 is available through this hyperlink. Corporate insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NFBK. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research 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 for the company in a research report on Monday, January 27th.

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.