M3F Inc. lowered its holdings in Northfield Bancorp Inc (NASDAQ:NFBK) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,316 shares of the bank’s stock after selling 1,829 shares during the quarter. Northfield Bancorp accounts for about 1.7% of M3F Inc.’s investment portfolio, making the stock its 24th biggest holding. M3F Inc.’s holdings in Northfield Bancorp were worth $1,909,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in shares of Northfield Bancorp by 7.5% in the first quarter. The Manufacturers Life Insurance Company now owns 30,285 shares of the bank’s stock worth $421,000 after buying an additional 2,104 shares during the period. Northern Trust Corp raised its holdings in shares of Northfield Bancorp by 0.5% in the first quarter. Northern Trust Corp now owns 594,630 shares of the bank’s stock worth $8,266,000 after buying an additional 2,897 shares during the period. Swiss National Bank raised its holdings in shares of Northfield Bancorp by 3.0% in the first quarter. Swiss National Bank now owns 81,200 shares of the bank’s stock worth $1,129,000 after buying an additional 2,400 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Northfield Bancorp by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,796,228 shares of the bank’s stock worth $52,768,000 after buying an additional 67,797 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Northfield Bancorp by 0.7% in the first quarter. BlackRock Inc. now owns 6,904,134 shares of the bank’s stock worth $95,968,000 after buying an additional 49,565 shares during the period. Hedge funds and other institutional investors own 57.62% of the company’s stock.

NFBK traded up $0.02 during trading on Wednesday, hitting $15.34. 2,588 shares of the stock were exchanged, compared to its average volume of 90,398. The company has a market capitalization of $758.61 million, a P/E ratio of 20.17, a PEG ratio of 2.54 and a beta of 0.55. Northfield Bancorp Inc has a 1 year low of $12.76 and a 1 year high of $17.33. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.67.

Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, April 24th. The bank reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $30.64 million for the quarter, compared to the consensus estimate of $30.24 million. Northfield Bancorp had a return on equity of 5.30% and a net margin of 23.84%. Equities analysts anticipate that Northfield Bancorp Inc will post 0.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.11 per share. This is an increase from Northfield Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Tuesday, May 7th. Northfield Bancorp’s dividend payout ratio (DPR) is presently 57.89%.

Several research analysts have commented on the company. BidaskClub upgraded Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Zacks Investment Research downgraded Northfield Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, TheStreet upgraded Northfield Bancorp from a “c+” rating to a “b-” rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average target price of $18.00.

In other Northfield Bancorp news, Director Gil Chapman sold 3,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $14.80, for a total transaction of $44,400.00. Following the sale, the director now owns 54,397 shares of the company’s stock, valued at approximately $805,075.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth J. Doherty sold 10,000 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $14.56, for a total value of $145,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 28,480 shares of company stock worth $424,788 over the last 90 days. 8.60% of the stock is currently owned by company insiders.

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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 transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.

Read More: Hedge Funds – How They Work For Investors

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

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