Northfield Bancorp, Inc. $NFBK Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its position in Northfield Bancorp by 8.6%, now holding 262,773 shares valued at approximately $2.87 million.
• Northfield Bancorp reported $0.24 earnings per share for the last quarter, exceeding analysts' expectations of $0.22, although revenue of $33.21 million fell short of the anticipated $34.25 million.
• The company declared a quarterly dividend of $0.13, resulting in a 4.5% yield and a dividend payout ratio of 60.47%.

Goldman Sachs Group Inc. decreased its position in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,773 shares of the bank's stock after selling 24,787 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.62% of Northfield Bancorp worth $2,867,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NFBK. Bank of America Corp DE grew its stake in shares of Northfield Bancorp by 0.9% during the 4th quarter. Bank of America Corp DE now owns 110,130 shares of the bank's stock worth $1,280,000 after acquiring an additional 973 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Northfield Bancorp by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank's stock valued at $152,000 after purchasing an additional 1,159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Northfield Bancorp by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank's stock valued at $251,000 after purchasing an additional 1,426 shares during the period. GAMMA Investing LLC lifted its holdings in Northfield Bancorp by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock worth $42,000 after buying an additional 2,059 shares during the period. Finally, CWM LLC raised its position in shares of Northfield Bancorp by 9.2% in the 1st quarter. CWM LLC now owns 31,571 shares of the bank's stock worth $344,000 after acquiring an additional 2,666 shares in the last quarter. Institutional investors own 65.51% of the company's stock.

Northfield Bancorp Stock Down 0.3%

Shares of NASDAQ:NFBK traded down $0.04 on Monday, hitting $11.61. 92,507 shares of the company traded hands, compared to its average volume of 180,247. The company has a market cap of $485.41 million, a PE ratio of 13.49 and a beta of 0.87. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.26. Northfield Bancorp, Inc. has a 52 week low of $9.40 and a 52 week high of $14.39. The stock has a 50 day simple moving average of $11.36 and a 200-day simple moving average of $11.25.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $33.21 million during the quarter, compared to analyst estimates of $34.25 million. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%. As a group, research analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current 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 paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Wednesday, August 6th. Northfield Bancorp's payout ratio is currently 60.47%.

Northfield Bancorp Profile

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.