Cullen Frost Bankers Inc. Takes Position in Northfield Bancorp, Inc. $NFBK

Cullen Frost Bankers Inc. bought a new stake in Northfield Bancorp, Inc. (NASDAQ:NFBK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,721 shares of the bank’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also made changes to their positions in NFBK. GAMMA Investing LLC boosted its stake 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. Cerity Partners LLC boosted its stake in shares of Northfield Bancorp by 58.3% in the first quarter. Cerity Partners LLC now owns 23,480 shares of the bank’s stock valued at $256,000 after purchasing an additional 8,645 shares during the period. CWM LLC boosted its stake in shares of Northfield Bancorp by 9.2% in the first quarter. CWM LLC now owns 31,571 shares of the bank’s stock valued at $344,000 after purchasing an additional 2,666 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Northfield Bancorp by 21.7% in the first quarter. GSA Capital Partners LLP now owns 91,759 shares of the bank’s stock valued at $1,001,000 after purchasing an additional 16,364 shares during the period. Finally, TIAA Trust National Association purchased a new position in shares of Northfield Bancorp in the first quarter valued at $141,000. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Northfield Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Northfield Bancorp has an average rating of “Hold” and a consensus target price of $13.00.

Northfield Bancorp Trading Up 1.4%

NASDAQ NFBK opened at $10.87 on Monday. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.39. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $454.47 million, a price-to-earnings ratio of 11.21 and a beta of 0.85. The company’s fifty day moving average price is $11.50 and its two-hundred day moving average price is $11.33.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, October 22nd. The bank reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company had revenue of $39.24 million for the quarter, compared to analysts’ expectations of $39.10 million. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. As a group, research analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, November 5th. Northfield Bancorp’s dividend payout ratio is 53.61%.

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.