Strs Ohio Purchases Shares of 46,500 Northfield Bancorp, Inc. $NFBK

Key Points

• Strs Ohio has invested $507,000 in Northfield Bancorp, Inc. by acquiring 46,500 shares, representing 0.11% of the bank's stock.
• The bank recently declared a quarterly dividend of $0.13 per share, yielding 4.5%, with a payout ratio of 60.47%.
• Northfield Bancorp reported earnings per share of $0.24 for the last quarter, exceeding estimates, while the company has a market cap of approximately $487.09 million.

Strs Ohio purchased a new stake in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 46,500 shares of the bank's stock, valued at approximately $507,000. Strs Ohio owned 0.11% of Northfield Bancorp as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Northfield Bancorp by 113.7% in the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after purchasing an additional 2,059 shares during the period. ProShare Advisors LLC bought a new position in Northfield Bancorp during the fourth quarter worth $125,000. TIAA Trust National Association bought a new position in Northfield Bancorp during the first quarter worth $141,000. Wealth Enhancement Advisory Services LLC increased its position in Northfield Bancorp by 9.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank's stock worth $152,000 after acquiring an additional 1,159 shares during the period. Finally, Jump Financial LLC increased its position in Northfield Bancorp by 54.0% during the first quarter. Jump Financial LLC now owns 19,005 shares of the bank's stock worth $207,000 after acquiring an additional 6,665 shares during the period. Institutional investors own 65.51% of the company's stock.

Northfield Bancorp Stock Performance

NFBK stock traded up $0.02 on Monday, reaching $11.67. 206,023 shares of the company were exchanged, compared to its average volume of 176,383. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.39. The stock's fifty day moving average price is $11.36 and its 200 day moving average price is $11.25. The firm has a market capitalization of $487.92 million, a PE ratio of 13.57 and a beta of 0.87. 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 (NASDAQ:NFBK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Northfield Bancorp had a net margin of 13.56% and a return on equity of 4.64%. The business had revenue of $33.21 million for the quarter, compared to analyst estimates of $34.25 million. On average, research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.5%. 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.