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

California State Teachers Retirement System reduced its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,330 shares of the bank’s stock after selling 1,355 shares during the period. California State Teachers Retirement System’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NFBK. Empowered Funds LLC boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the fourth quarter. Empowered Funds LLC now owns 129,082 shares of the bank’s stock worth $1,500,000 after acquiring an additional 6,135 shares during the last quarter. Ieq Capital LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at $198,000. Y Intercept Hong Kong Ltd raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 106.1% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 40,403 shares of the bank’s stock valued at $469,000 after acquiring an additional 20,799 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 37.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,648 shares of the bank’s stock valued at $1,018,000 after acquiring an additional 23,721 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at about $74,000. 65.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd. Keefe, Bruyette & Woods cut their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, April 29th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 0.1%

NFBK stock opened at $12.09 on Thursday. The firm has a market capitalization of $515.35 million, a P/E ratio of 16.79 and a beta of 0.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day simple moving average is $10.95 and its 200-day simple moving average is $11.51. Northfield Bancorp, Inc. has a 52-week low of $7.67 and a 52-week high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $34.81 million during the quarter, compared to the consensus estimate of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. As a group, equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.52 annualized dividend and a yield of 4.30%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 68.42%.

Insiders Place Their Bets

In related news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the sale, the director now owns 147,938 shares in the company, valued at $1,498,611.94. This trade represents a 3.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.95% of the company’s stock.

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

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.