Invesco Ltd. Trims Stake in Northfield Bancorp, Inc. $NFBK

Invesco Ltd. lowered its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 24.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,858 shares of the bank's stock after selling 38,559 shares during the period. Invesco Ltd. owned 0.28% of Northfield Bancorp worth $1,319,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Squarepoint Ops LLC increased its stake in shares of Northfield Bancorp by 211.2% during the 4th quarter. Squarepoint Ops LLC now owns 36,976 shares of the bank's stock worth $430,000 after purchasing an additional 25,095 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Northfield Bancorp by 3.7% during 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. GAMMA Investing LLC lifted its position in shares of Northfield Bancorp by 113.7% during the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after buying an additional 2,059 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Northfield Bancorp by 32.4% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 116,035 shares of the bank's stock valued at $1,266,000 after buying an additional 28,387 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Northfield Bancorp by 156.1% during the 1st quarter. SG Americas Securities LLC now owns 64,994 shares of the bank's stock valued at $709,000 after buying an additional 39,614 shares during the last quarter. Hedge funds and other institutional investors own 65.51% of the company's stock.

Northfield Bancorp Stock Performance

Shares of NASDAQ NFBK traded down $0.06 during trading on Friday, reaching $11.92. 169,205 shares of the stock traded hands, compared to its average volume of 152,528. Northfield Bancorp, Inc. has a 52-week low of $9.40 and a 52-week high of $14.39. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50-day moving average of $11.42 and a 200-day moving average of $11.24. The stock has a market capitalization of $498.38 million, a P/E ratio of 13.86 and a beta of 0.87.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%.The firm had revenue of $33.21 million for the quarter, compared to analysts' expectations of $34.25 million. Analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a $0.13 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.4%. Northfield Bancorp's payout ratio is 60.47%.

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.