Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 106.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,927 shares of the bank's stock after purchasing an additional 63,398 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.29% of Northfield Bancorp, Inc. (Staten Island, NY) worth $1,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the business. Quantbot Technologies LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at about $74,000. Quarry LP increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% in the fourth quarter. Quarry LP now owns 6,981 shares of the bank's stock valued at $81,000 after purchasing an additional 4,599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at $107,000. Jump Financial LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth $143,000. Finally, Marshall Financial Group LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth about $163,000. Institutional investors own 65.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th. Piper Sandler raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $13.00 to $14.00 in a report on Friday, May 2nd.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

Shares of NFBK traded down $0.10 during midday trading on Friday, reaching $11.82. The stock had a trading volume of 186,141 shares, compared to its average volume of 248,954. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03. The firm has a market cap of $503.84 million, a PE ratio of 16.42 and a beta of 0.75. Northfield Bancorp, Inc. has a one year low of $6.98 and a one year high of $14.39. The firm has a 50 day simple moving average of $10.72 and a 200-day simple moving average of $11.66.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. The company had revenue of $34.81 million during the quarter, compared to analysts' expectations of $29.82 million. As a group, sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a yield of 4.40%. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is presently 68.42%.

Insiders Place Their Bets

In other news, Director Frank P. Patafio sold 5,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the transaction, the director now owns 147,938 shares in the company, valued at $1,498,611.94. This trade represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gil Chapman sold 11,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total transaction of $130,790.00. Following the completion of the transaction, the director now directly owns 48,005 shares of the company's stock, valued at $570,779.45. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.95% of the company's stock.

Northfield Bancorp, Inc. (Staten Island, NY) Company 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 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.