Voya Investment Management LLC Has $493,000 Stake in Northfield Bancorp, Inc. (NFBK)
Voya Investment Management LLC grew its holdings in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,740 shares of the bank’s stock after purchasing an additional 1,970 shares during the period. Voya Investment Management LLC owned approximately 0.06% of Northfield Bancorp worth $493,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of NFBK. State of Alaska Department of Revenue lifted its holdings in shares of Northfield Bancorp by 80.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock valued at $153,000 after purchasing an additional 3,989 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Northfield Bancorp in the 2nd quarter valued at $181,000. Karp Capital Management Corp acquired a new position in shares of Northfield Bancorp in the 1st quarter valued at $189,000. Aperio Group LLC increased its position in shares of Northfield Bancorp by 29.6% in the 2nd quarter. Aperio Group LLC now owns 13,582 shares of the bank’s stock valued at $233,000 after acquiring an additional 3,099 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Northfield Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 15,209 shares of the bank’s stock valued at $261,000 after acquiring an additional 2,280 shares during the period. Hedge funds and other institutional investors own 52.80% of the company’s stock.
Northfield Bancorp, Inc. (NASDAQ:NFBK) opened at $16.95 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 1.17. Northfield Bancorp, Inc. has a 12-month low of $15.35 and a 12-month high of $20.59. The stock has a market capitalization of $831.95, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.36 and a beta of 0.33.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Northfield Bancorp had a return on equity of 4.97% and a net margin of 24.39%. The firm had revenue of $29.97 million for the quarter, compared to the consensus estimate of $29.66 million. research analysts predict that Northfield Bancorp, Inc. will post 0.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.36%. This is an increase from Northfield Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, November 7th. Northfield Bancorp’s dividend payout ratio is presently 43.24%.
Several research firms recently issued reports on NFBK. DA Davidson began coverage on Northfield Bancorp in a research report on Friday, September 1st. They issued a “neutral” rating and a $17.00 target price on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.00 target price on shares of Northfield Bancorp in a research report on Tuesday, October 3rd. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $16.50 target price on shares of Northfield Bancorp in a research report on Thursday, August 3rd.
About Northfield Bancorp
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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