Connor Clark & Lunn Investment Management Ltd. Acquires 29,531 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 85.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 63,927 shares of the bank’s stock after purchasing an additional 29,531 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $742,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NFBK. CWA Asset Management Group LLC bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth $1,084,000. American Century Companies Inc. boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock valued at $5,713,000 after purchasing an additional 62,473 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% during the third quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock valued at $2,296,000 after purchasing an additional 155,592 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $890,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $138,000. 65.51% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NASDAQ:NFBK opened at $13.43 on Friday. The firm has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $11.05. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $576.15 million, a P/E ratio of 20.98 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.05% and a net margin of 10.94%. On average, analysts expect that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a $0.13 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 dividend on an annualized basis and a yield of 3.87%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 81.25%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a report on Friday, November 22nd.

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