AlphaQuest LLC Sells 24,256 Shares of Northfield Bancorp, Inc. $NFBK

Key Points

• AlphaQuest LLC decreased its stake in Northfield Bancorp, Inc. by 59.9%, selling 24,256 shares and reducing its holdings to 16,270 shares valued at approximately $178,000.
• Other institutional investors like GAMMA Investing LLC and TIAA Trust National Association have increased their stakes in Northfield Bancorp, with institutional investors collectively owning 65.51% of the stock.
• Northfield Bancorp reported a quarterly earnings per share of $0.24, exceeding analysts' expectations, and declared a quarterly dividend of $0.13 per share.

AlphaQuest LLC reduced its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 59.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,270 shares of the bank's stock after selling 24,256 shares during the quarter. AlphaQuest LLC's holdings in Northfield Bancorp were worth $178,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Northfield Bancorp by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock worth $42,000 after acquiring an additional 2,059 shares during the last quarter. ProShare Advisors LLC bought a new position in Northfield Bancorp in the 4th quarter worth about $125,000. TIAA Trust National Association bought a new position in Northfield Bancorp in the 1st quarter worth about $141,000. Wealth Enhancement Advisory Services LLC increased its stake in Northfield Bancorp by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank's stock worth $152,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Graham Capital Management L.P. increased its stake in Northfield Bancorp by 38.7% in the 4th quarter. Graham Capital Management L.P. now owns 14,794 shares of the bank's stock worth $172,000 after acquiring an additional 4,131 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors.

Northfield Bancorp Price Performance

Shares of NASDAQ NFBK opened at $11.85 on Friday. The firm has a market capitalization of $495.45 million, a P/E ratio of 13.78 and a beta of 0.84. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.26. The stock's 50-day simple moving average is $11.40 and its two-hundred day simple moving average is $11.24. Northfield Bancorp, Inc. has a twelve month low of $9.40 and a twelve month high of $14.39.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $33.21 million for the quarter, compared to analyst estimates of $34.25 million. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%. As a group, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, August 6th. Northfield Bancorp's dividend payout ratio (DPR) is currently 60.47%.

Northfield Bancorp 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.

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