Hillsdale Investment Management Inc. Buys 325,400 Shares of Northfield Bancorp, Inc. $NFBK

Hillsdale Investment Management Inc. lifted its stake in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 156.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 532,920 shares of the bank’s stock after buying an additional 325,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Northfield Bancorp were worth $6,288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cullen Frost Bankers Inc. purchased a new position in Northfield Bancorp during the second quarter valued at $31,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Northfield Bancorp during the 2nd quarter valued at about $138,000. Lazard Asset Management LLC bought a new position in shares of Northfield Bancorp during the 2nd quarter valued at about $146,000. Cornerstone Investment Partners LLC purchased a new position in shares of Northfield Bancorp during the third quarter valued at about $167,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Northfield Bancorp in the second quarter worth about $172,000. Institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Stock Up 1.5%

Shares of NASDAQ:NFBK opened at $13.54 on Friday. The company has a market cap of $565.97 million, a price-to-earnings ratio of 1,354.00 and a beta of 0.85. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.05. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 1.39. The company has a 50-day moving average price of $12.36 and a 200 day moving average price of $11.59.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $78.01 million for the quarter, compared to the consensus estimate of $39.48 million. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%. As a group, equities research analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Thursday, February 12th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, February 12th. Northfield Bancorp’s dividend payout ratio is presently 5,200.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NFBK shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. Keefe, Bruyette & Woods lifted their price objective on Northfield Bancorp from $12.00 to $14.50 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, New Street Research set a $14.50 target price on Northfield Bancorp in a research report on Friday, February 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Northfield Bancorp currently has an average rating of “Hold” and an average price target of $14.33.

About Northfield Bancorp

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.