112,328 Shares in Northfield Bancorp, Inc. $NFBK Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new position in Northfield Bancorp, Inc. by purchasing 112,328 shares valued at approximately $1,225,000, increasing its ownership to 0.26% of the company.
• Northfield Bancorp recently announced a quarterly dividend of $0.13 per share, providing an annual yield of 4.4% and a payout ratio of 60.47%.
• The bank reported a net margin of 13.56% on revenue of $33.21 million for its most recent quarter, surpassing expectations for earnings per share.

Nuveen LLC bought a new stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 112,328 shares of the bank's stock, valued at approximately $1,225,000. Nuveen LLC owned 0.26% of Northfield Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Squarepoint Ops LLC lifted its position 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 valued at $430,000 after acquiring an additional 25,095 shares during the period. 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 acquiring an additional 84,883 shares during the period. 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 worth $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 worth $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 worth $709,000 after buying an additional 39,614 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors.

Northfield Bancorp Price Performance

Shares of NFBK stock traded down $0.06 on Friday, hitting $11.92. 169,205 shares of the company's stock were exchanged, compared to its average volume of 152,528. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.00 and a quick ratio of 1.00. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.39. The stock has a market cap of $498.38 million, a P/E ratio of 13.86 and a beta of 0.87. The company has a 50 day moving average of $11.42 and a 200 day moving average of $11.24.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%.The business had revenue of $33.21 million during the quarter, compared to the consensus estimate of $34.25 million. On average, equities research analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Northfield Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Wednesday, August 6th. Northfield Bancorp's dividend 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.