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

Hillsdale Investment Management Inc. boosted its position in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 156.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 532,920 shares of the bank’s stock after purchasing an additional 325,400 shares during the period. Hillsdale Investment Management Inc. owned about 1.27% of Northfield Bancorp worth $6,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Northfield Bancorp by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,129 shares of the bank’s stock worth $174,000 after purchasing an additional 1,164 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Northfield Bancorp by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,012 shares of the bank’s stock valued at $251,000 after buying an additional 1,426 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in Northfield Bancorp by 7.2% during the second quarter. Occudo Quantitative Strategies LP now owns 24,129 shares of the bank’s stock valued at $277,000 after buying an additional 1,619 shares during the last quarter. AlphaQuest LLC raised its position in Northfield Bancorp by 11.3% in the second quarter. AlphaQuest LLC now owns 18,111 shares of the bank’s stock worth $208,000 after acquiring an additional 1,841 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Northfield Bancorp by 6.5% during the 2nd quarter. First Trust Advisors LP now owns 30,623 shares of the bank’s stock worth $352,000 after acquiring an additional 1,880 shares during the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Stock Up 1.5%

NFBK opened at $13.54 on Friday. The stock has a market cap of $565.97 million, a price-to-earnings ratio of 1,354.00 and a beta of 0.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.00 and a current ratio of 0.99. The firm’s fifty day moving average is $12.36 and its 200 day moving average is $11.59. Northfield Bancorp, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $14.05.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The business had revenue of $78.01 million during the quarter, compared to analyst estimates of $39.48 million. Northfield Bancorp had a return on equity of 5.91% and a net margin of 0.30%. On average, sell-side analysts forecast 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, February 25th. Investors of record on Thursday, February 12th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, February 12th. Northfield Bancorp’s dividend payout ratio (DPR) is 5,200.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods upped 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. New Street Research set a $14.50 price target on Northfield Bancorp in a report on Friday, February 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Northfield Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Northfield Bancorp currently has an average rating of “Hold” and a consensus target price of $14.33.

Northfield Bancorp Company Profile

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.