New York State Teachers Retirement System Trims Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

New York State Teachers Retirement System reduced its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) by 29.3% in the third quarter, HoldingsChannel reports. The firm owned 9,914 shares of the bank’s stock after selling 4,100 shares during the quarter. New York State Teachers Retirement System’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 5,091,893 shares of the bank’s stock valued at $73,119,000 after buying an additional 214,541 shares in the last quarter. Invesco Ltd. boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 17.6% in the first quarter. Invesco Ltd. now owns 1,040,007 shares of the bank’s stock worth $14,934,000 after purchasing an additional 156,014 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 50.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 466,041 shares of the bank’s stock worth $6,693,000 after purchasing an additional 155,484 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at $1,050,000. Finally, AQR Capital Management LLC lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 37.1% during the 2nd quarter. AQR Capital Management LLC now owns 175,434 shares of the bank’s stock valued at $2,286,000 after buying an additional 47,441 shares in the last quarter. 57.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NFBK shares. Piper Sandler increased their price target on Northfield Bancorp, Inc. (Staten Island, NY) to $17.00 in a research note on Tuesday, November 1st. StockNews.com initiated coverage on Northfield Bancorp, Inc. (Staten Island, NY) in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

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

NFBK opened at $15.81 on Friday. The stock has a market capitalization of $755.26 million, a price-to-earnings ratio of 11.71 and a beta of 0.67. The company has a fifty day moving average of $15.65 and a 200 day moving average of $15.06. Northfield Bancorp, Inc. has a fifty-two week low of $11.87 and a fifty-two week high of $17.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.96 and a current ratio of 0.96.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) last released its quarterly earnings data on Wednesday, October 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 8.81% and a net margin of 34.70%. The business had revenue of $44.30 million for the quarter, compared to the consensus estimate of $43.00 million. As a group, sell-side analysts forecast that Northfield Bancorp, Inc. will post 1.37 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $0.52 annualized dividend and a yield of 3.29%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 38.52%.

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

In related news, Director Frank P. Patafio sold 40,516 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $15.86, for a total transaction of $642,583.76. Following the completion of the sale, 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 through this hyperlink. In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Frank P. Patafio sold 40,516 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,190,508.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Connors, Jr. sold 6,324 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $16.03, for a total value of $101,373.72. Following the transaction, the director now owns 147,871 shares in the company, valued at $2,370,372.13. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

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.