State of Tennessee Treasury Department Raises Position in Northfield Bancorp Inc (NASDAQ:NFBK)

State of Tennessee Treasury Department grew its position in Northfield Bancorp Inc (NASDAQ:NFBK) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,164 shares of the bank’s stock after acquiring an additional 1,507 shares during the period. State of Tennessee Treasury Department’s holdings in Northfield Bancorp were worth $308,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NFBK. Royal Bank of Canada boosted its holdings in shares of Northfield Bancorp by 33.1% in the second quarter. Royal Bank of Canada now owns 2,662 shares of the bank’s stock valued at $41,000 after acquiring an additional 662 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Northfield Bancorp by 631.1% in the second quarter. Bank of Montreal Can now owns 4,116 shares of the bank’s stock valued at $65,000 after acquiring an additional 3,553 shares in the last quarter. H D Vest Advisory Services purchased a new stake in shares of Northfield Bancorp in the second quarter valued at about $157,000. Susquehanna International Group LLP purchased a new stake in shares of Northfield Bancorp in the second quarter valued at about $251,000. Finally, Addison Capital Co purchased a new stake in shares of Northfield Bancorp in the second quarter valued at about $309,000. 56.97% of the stock is currently owned by institutional investors and hedge funds.

NFBK has been the topic of several analyst reports. BidaskClub downgraded shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Zacks Investment Research raised shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, July 30th. Finally, ValuEngine downgraded shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 25th.

In related news, Chairman John Wade Alexander sold 50,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $16.12, for a total transaction of $806,000.00. Following the sale, the chairman now owns 450,413 shares of the company’s stock, valued at $7,260,657.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick Louis Ryan sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $16.96, for a total transaction of $84,800.00. Following the sale, the director now directly owns 35,764 shares in the company, valued at approximately $606,557.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,641 shares of company stock worth $1,685,332. 8.60% of the stock is owned by insiders.

Shares of NASDAQ:NFBK opened at $16.98 on Monday. The company has a market cap of $835.98 million, a price-to-earnings ratio of 22.34 and a beta of 0.56. Northfield Bancorp Inc has a fifty-two week low of $12.76 and a fifty-two week high of $17.24. The firm’s 50-day simple moving average is $16.55 and its 200-day simple moving average is $15.73. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.96.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $33.55 million for the quarter. Northfield Bancorp had a net margin of 23.19% and a return on equity of 5.41%. On average, research analysts forecast that Northfield Bancorp Inc will post 0.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Tuesday, November 5th. Northfield Bancorp’s dividend payout ratio is currently 57.89%.

Northfield Bancorp 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

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

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