Bank of New York Mellon Corp Sells 19,858 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Bank of New York Mellon Corp reduced its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,177 shares of the bank’s stock after selling 19,858 shares during the period. Bank of New York Mellon Corp’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $3,012,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NFBK. Quarry LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at approximately $28,000. Point72 Asset Management L.P. lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% in the third quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank’s stock worth $59,000 after purchasing an additional 1,854 shares in the last quarter. Marshall Financial Group LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth about $163,000. Ieq Capital LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth about $198,000. Finally, Public Employees Retirement System of Ohio increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 59.4% during the third quarter. Public Employees Retirement System of Ohio now owns 35,544 shares of the bank’s stock worth $412,000 after buying an additional 13,250 shares during the last quarter. 65.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods decreased their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

Insider Buying and Selling

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the sale, the director now owns 48,005 shares in the company, valued at approximately $570,779.45. This represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.48% of the stock is owned by insiders.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.4 %

Shares of NASDAQ:NFBK opened at $11.33 on Friday. The firm has a fifty day moving average price of $11.57 and a two-hundred day moving average price of $11.98. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39. 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 has a market cap of $488.50 million, a price-to-earnings ratio of 15.74 and a beta of 0.77.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. Analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date was Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 72.22%.

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.