Cubist Systematic Strategies LLC grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 106.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.
Several other large investors have also modified their holdings of NFBK. JPMorgan Chase & Co. raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% in the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank's stock valued at $3,249,000 after buying an additional 192,963 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank's stock worth $1,703,000 after purchasing an additional 83,960 shares during the period. Barclays PLC boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% in the third quarter. Barclays PLC now owns 89,471 shares of the bank's stock worth $1,038,000 after purchasing an additional 75,182 shares during the period. Hsbc Holdings PLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 500.9% in the fourth quarter. Hsbc Holdings PLC now owns 65,304 shares of the bank's stock valued at $757,000 after buying an additional 54,436 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 33.5% in the fourth quarter. Jane Street Group LLC now owns 174,424 shares of the bank's stock valued at $2,027,000 after buying an additional 43,814 shares during the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.
Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 4.2%
NFBK opened at $11.74 on Tuesday. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $14.39. The firm has a market cap of $501.02 million, a P/E ratio of 16.31 and a beta of 0.75. The business has a 50 day moving average price of $10.67 and a 200 day moving average price of $11.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00.
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. The business had revenue of $34.81 million for the quarter, compared to analysts' expectations of $29.82 million. Research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.
Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is presently 68.42%.
Insider Buying and Selling
In other news, Director Frank P. Patafio sold 5,000 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.13, for a total transaction of $50,650.00. Following the sale, the director now owns 147,938 shares of the company's stock, valued at $1,498,611.94. This trade represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gil Chapman sold 11,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total value of $130,790.00. Following the sale, the director now directly owns 48,005 shares in the company, valued at approximately $570,779.45. This represents a 18.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.95% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $14.00 in a research note on Friday, May 2nd.
View Our Latest Report on Northfield Bancorp, Inc. (Staten Island, NY)
About Northfield Bancorp, Inc. (Staten Island, NY)
(
Free Report)
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.
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