Citadel Advisors LLC lessened its stake in shares of Northfield Bancorp Inc (NASDAQ:NFBK) by 31.9% during the second quarter, Holdings Channel reports. The institutional investor owned 61,883 shares of the bank’s stock after selling 28,969 shares during the period. Citadel Advisors LLC’s holdings in Northfield Bancorp were worth $1,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can grew its stake in shares of Northfield Bancorp by 70.2% during the second quarter. Bank of Montreal Can now owns 7,386 shares of the bank’s stock worth $122,000 after buying an additional 3,046 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Northfield Bancorp by 3.8% in the first quarter. Legal & General Group Plc now owns 85,749 shares of the bank’s stock worth $1,340,000 after purchasing an additional 3,171 shares during the last quarter. Northern Trust Corp grew its stake in shares of Northfield Bancorp by 0.6% in the first quarter. Northern Trust Corp now owns 584,936 shares of the bank’s stock worth $9,131,000 after purchasing an additional 3,715 shares during the last quarter. Aperio Group LLC grew its stake in shares of Northfield Bancorp by 29.1% in the first quarter. Aperio Group LLC now owns 17,563 shares of the bank’s stock worth $274,000 after purchasing an additional 3,957 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Northfield Bancorp by 3.6% in the first quarter. Rhumbline Advisers now owns 135,439 shares of the bank’s stock worth $2,114,000 after purchasing an additional 4,745 shares during the last quarter. 55.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Northfield Bancorp stock opened at $15.85 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. Northfield Bancorp Inc has a twelve month low of $15.14 and a twelve month high of $18.39. The firm has a market capitalization of $795.35 million, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.42 and a beta of 0.40.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Friday, July 27th. The bank reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Northfield Bancorp had a net margin of 18.48% and a return on equity of 5.75%. The company had revenue of $30.22 million for the quarter, compared to analysts’ expectations of $30.37 million. sell-side analysts predict that Northfield Bancorp Inc will post 0.83 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 22nd. Investors of record on Wednesday, August 8th were paid a $0.10 dividend. The ex-dividend date was Tuesday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.52%. Northfield Bancorp’s dividend payout ratio is 54.79%.

NFBK has been the topic of several analyst reports. Zacks Investment Research cut shares of Northfield Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. BidaskClub raised shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 22nd. Finally, ValuEngine raised shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 5th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.75.

In other Northfield Bancorp news, Director John P. Connors, Jr. sold 2,500 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $16.62, for a total transaction of $41,550.00. Following the sale, the director now owns 107,103 shares of the company’s stock, valued at $1,780,051.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robin Lefkowitz sold 2,000 shares of the company’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $16.30, for a total transaction of $32,600.00. Following the sale, the executive vice president now directly owns 24,670 shares in the company, valued at approximately $402,121. The disclosure for this sale can be found here. In the last three months, insiders sold 41,852 shares of company stock worth $697,123. 9.34% of the stock is currently owned by insiders.

Northfield Bancorp Profile

Northfield Bancorp, Inc 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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

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Institutional Ownership by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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