Texas Permanent School Fund Lowers Holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Texas Permanent School Fund trimmed its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBKGet Rating) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,631 shares of the bank’s stock after selling 1,106 shares during the quarter. Texas Permanent School Fund’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $386,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 150.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 31,773 shares of the bank’s stock worth $414,000 after buying an additional 19,100 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 2nd quarter worth $282,000. Seizert Capital Partners LLC purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth $295,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth $130,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth $165,000. 58.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Northfield Bancorp, Inc. (Staten Island, NY)

In related news, Director Frank P. Patafio sold 40,516 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $15.86, for a total transaction of $642,583.76. Following the transaction, the director now directly owns 201,167 shares of the company’s stock, valued at approximately $3,190,508.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Piper Sandler upped their price objective on Northfield Bancorp, Inc. (Staten Island, NY) to $17.00 in a research note on Tuesday, November 1st. DA Davidson restated a “neutral” rating on shares of Northfield Bancorp, Inc. (Staten Island, NY) in a research note on Wednesday, July 27th. Finally, StockNews.com assumed coverage on Northfield Bancorp, Inc. (Staten Island, NY) in a research note on Wednesday, October 12th. They set a “hold” rating for the company.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 0.4 %

Shares of NASDAQ:NFBK opened at $15.57 on Wednesday. The business’s 50-day moving average is $15.14 and its 200 day moving average is $14.22. Northfield Bancorp, Inc. has a 1 year low of $11.87 and a 1 year high of $18.19. The firm has a market capitalization of $743.79 million, a P/E ratio of 11.53 and a beta of 0.69. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, November 8th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 38.52%.

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

(Get Rating)

Northfield Bancorp, Inc (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking 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; individual retirement accounts; and brokered deposits.

See Also

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Institutional Ownership by Quarter for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

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