Boston Partners reduced its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 21.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 428,580 shares of the bank’s stock after selling 119,640 shares during the quarter. Boston Partners’ holdings in Northfield Bancorp were worth $7,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Northfield Bancorp by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 206,514 shares of the bank’s stock valued at $3,542,000 after acquiring an additional 1,946 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Northfield Bancorp by 23.9% in the second quarter. Wells Fargo & Company MN now owns 43,740 shares of the bank’s stock valued at $750,000 after acquiring an additional 8,443 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Northfield Bancorp by 3.5% in the second quarter. Teachers Advisors LLC now owns 100,254 shares of the bank’s stock valued at $1,719,000 after acquiring an additional 3,432 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Northfield Bancorp by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 260,543 shares of the bank’s stock valued at $4,468,000 after acquiring an additional 19,575 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Northfield Bancorp by 0.5% in the second quarter. BlackRock Inc. now owns 5,519,013 shares of the bank’s stock valued at $94,653,000 after acquiring an additional 24,921 shares in the last quarter. 52.97% of the stock is currently owned by institutional investors.

In related news, EVP Robin Lefkowitz sold 2,000 shares of Northfield Bancorp stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $17.00, for a total transaction of $34,000.00. Following the transaction, the executive vice president now owns 30,433 shares in the company, valued at $517,361. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Steven M. Klein sold 7,500 shares of Northfield Bancorp stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $17.06, for a total value of $127,950.00. Following the transaction, the chief executive officer now owns 336,400 shares in the company, valued at approximately $5,738,984. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,602 shares of company stock worth $632,216. 9.34% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on NFBK shares. BidaskClub downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $20.00 target price on shares of Northfield Bancorp in a research report on Friday, December 22nd. Zacks Investment Research downgraded Northfield Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Piper Jaffray Companies restated a “hold” rating on shares of Northfield Bancorp in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.25.

Northfield Bancorp, Inc. (NFBK) opened at $15.82 on Friday. Northfield Bancorp, Inc. has a 1 year low of $15.27 and a 1 year high of $19.25. The company has a market capitalization of $749.63, a P/E ratio of 22.26, a P/E/G ratio of 2.61 and a beta of 0.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.17 and a current ratio of 1.11.

Northfield Bancorp (NASDAQ:NFBK) last announced its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. The firm had revenue of $30.40 million for the quarter, compared to the consensus estimate of $30.67 million. During the same quarter last year, the business posted $0.18 earnings per share. analysts forecast that Northfield Bancorp, Inc. will post 0.74 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 2.53%.

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Northfield Bancorp Profile

Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.

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Institutional Ownership by Quarter for Northfield Bancorp (NASDAQ:NFBK)

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