Northfield Bancorp, Inc. (NFBK) Stake Lessened by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,782 shares of the bank’s stock after selling 12,480 shares during the quarter. First Trust Advisors LP owned approximately 0.16% of Northfield Bancorp worth $1,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC lifted its position in Northfield Bancorp by 2.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 340,356 shares of the bank’s stock worth $5,905,000 after acquiring an additional 9,325 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Northfield Bancorp in the 2nd quarter valued at about $172,000. State Street Corp increased its stake in Northfield Bancorp by 3.1% during the 2nd quarter. State Street Corp now owns 1,193,509 shares of the bank’s stock worth $20,467,000 after buying an additional 36,329 shares in the last quarter. Voya Investment Management LLC increased its stake in Northfield Bancorp by 7.4% during the 2nd quarter. Voya Investment Management LLC now owns 28,740 shares of the bank’s stock worth $493,000 after buying an additional 1,970 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Northfield Bancorp by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,194,954 shares of the bank’s stock worth $54,794,000 after buying an additional 108,637 shares in the last quarter. Institutional investors own 53.10% of the company’s stock.

In other news, EVP Robin Lefkowitz sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $17.00, for a total value of $34,000.00. Following the completion of the sale, the executive vice president now directly owns 30,433 shares of the company’s stock, valued at approximately $517,361. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 9.34% of the company’s stock.

A number of research analysts have commented on NFBK shares. DA Davidson began coverage on Northfield Bancorp in a research note on Friday, September 1st. They set a “neutral” rating and a $17.00 price target on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $17.00 price objective on shares of Northfield Bancorp in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Northfield Bancorp in a research report on Friday, November 10th.

Northfield Bancorp, Inc. (NASDAQ NFBK) opened at $16.96 on Tuesday. Northfield Bancorp, Inc. has a 1-year low of $15.35 and a 1-year high of $20.59. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $835.36, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.34 and a beta of 0.34.

Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.17. Northfield Bancorp had a net margin of 24.39% and a return on equity of 4.97%. The company had revenue of $29.97 million during the quarter, compared to the consensus estimate of $29.66 million. equities analysts expect that Northfield Bancorp, Inc. will post 0.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Northfield Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, November 7th. Northfield Bancorp’s payout ratio is presently 54.05%.

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Northfield Bancorp Profile

Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.

Institutional Ownership by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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