124,608 Shares in Northfield Bancorp, Inc. $NFBK Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in Northfield Bancorp, Inc. (NASDAQ:NFBK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 124,608 shares of the bank’s stock, valued at approximately $1,430,000. Los Angeles Capital Management LLC owned 0.29% of Northfield Bancorp at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC increased its holdings in shares of Northfield Bancorp by 58.3% in the first quarter. Cerity Partners LLC now owns 23,480 shares of the bank’s stock valued at $256,000 after purchasing an additional 8,645 shares during the last quarter. CWM LLC lifted its stake in shares of Northfield Bancorp by 9.2% during the 1st quarter. CWM LLC now owns 31,571 shares of the bank’s stock worth $344,000 after buying an additional 2,666 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Northfield Bancorp by 21.7% during the 1st quarter. GSA Capital Partners LLP now owns 91,759 shares of the bank’s stock worth $1,001,000 after buying an additional 16,364 shares during the period. TIAA Trust National Association bought a new stake in shares of Northfield Bancorp during the 1st quarter worth about $141,000. Finally, Vanguard Group Inc. grew its stake in Northfield Bancorp by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank’s stock valued at $25,713,000 after buying an additional 84,883 shares during the last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Northfield Bancorp in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Northfield Bancorp has an average rating of “Hold” and an average price target of $13.00.

Northfield Bancorp Price Performance

Shares of Northfield Bancorp stock opened at $10.50 on Thursday. Northfield Bancorp, Inc. has a twelve month low of $9.40 and a twelve month high of $14.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31. The company has a 50-day simple moving average of $11.17 and a two-hundred day simple moving average of $11.37. The stock has a market capitalization of $438.90 million, a price-to-earnings ratio of 10.82 and a beta of 0.89.

Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, October 22nd. The bank reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. The firm had revenue of $39.24 million for the quarter, compared to analyst estimates of $39.10 million. Analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Northfield Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Wednesday, November 5th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.52 dividend on an annualized basis and a yield of 5.0%. Northfield Bancorp’s dividend payout ratio is currently 53.61%.

About Northfield Bancorp

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.