PFG Investments LLC Invests $236,000 in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

PFG Investments LLC purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) in the 3rd quarter, Holdings Channel reports. The fund purchased 20,380 shares of the bank’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 76.0% during the 1st quarter. BNP Paribas Financial Markets now owns 19,794 shares of the bank’s stock valued at $192,000 after purchasing an additional 8,550 shares during the last quarter. Empowered Funds LLC raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 8.2% in the 1st quarter. Empowered Funds LLC now owns 138,901 shares of the bank’s stock worth $1,350,000 after buying an additional 10,500 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 23,503 shares of the bank’s stock valued at $228,000 after acquiring an additional 1,123 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 169.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,863 shares of the bank’s stock valued at $310,000 after acquiring an additional 20,020 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock worth $27,330,000 after acquiring an additional 17,267 shares during the period. Institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.5 %

Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $11.89 on Thursday. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $13.48. The stock has a fifty day moving average of $11.73 and a 200 day moving average of $10.42. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $513.53 million, a PE ratio of 18.58 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. As a group, sell-side analysts predict that Northfield Bancorp, Inc. will post 0.67 EPS for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.13 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 4.37%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is presently 81.25%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

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