Inspire Investing LLC Takes Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Inspire Investing LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 76,704 shares of the bank’s stock, valued at approximately $890,000. Inspire Investing LLC owned 0.17% of Northfield Bancorp, Inc. (Staten Island, NY) at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% in the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock valued at $5,713,000 after buying an additional 62,473 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank’s stock valued at $1,273,000 after buying an additional 118,581 shares during the period. AQR Capital Management LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the 2nd quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after buying an additional 379,695 shares during the period. Vanguard Group Inc. lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,811,707 shares of the bank’s stock valued at $27,330,000 after acquiring an additional 17,267 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 18.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 39,801 shares of the bank’s stock valued at $386,000 after acquiring an additional 6,174 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ NFBK opened at $11.74 on Tuesday. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $13.48. The stock has a market cap of $520.60 million, a price-to-earnings ratio of 15.65 and a beta of 0.75. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50-day simple moving average is $11.58 and its 200 day simple moving average is $10.18.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, July 24th. The bank reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 12.00% and a return on equity of 4.31%. The firm had revenue of $31.55 million for the quarter, compared to analysts’ expectations of $30.96 million. As a group, research analysts anticipate that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.43%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 69.33%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods raised their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

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

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.