Northfield Bancorp, Inc. $NFBK Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has reduced its stake in Northfield Bancorp by 13.6%, selling 101,457 shares, leaving it with 646,807 shares valued at approximately $7.06 million.
• Northfield Bancorp recently declared a quarterly dividend of $0.13 per share, resulting in an annualized yield of 4.3% and a payout ratio of 60.47%.
• The bank reported earnings of $0.24 per share for the last quarter, surpassing analyst estimates of $0.22, with a revenue of $33.21 million versus projected $34.25 million.

AQR Capital Management LLC cut its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 13.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 646,807 shares of the bank's stock after selling 101,457 shares during the period. AQR Capital Management LLC owned 1.52% of Northfield Bancorp worth $7,057,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NFBK. Northern Trust Corp raised its position in shares of Northfield Bancorp by 5.1% in the 4th quarter. Northern Trust Corp now owns 405,224 shares of the bank's stock worth $4,709,000 after buying an additional 19,659 shares during the period. Jane Street Group LLC raised its position in shares of Northfield Bancorp by 33.5% in the 4th quarter. Jane Street Group LLC now owns 174,424 shares of the bank's stock worth $2,027,000 after buying an additional 43,814 shares during the period. BNP Paribas Financial Markets raised its position in shares of Northfield Bancorp by 26.1% in the 4th quarter. BNP Paribas Financial Markets now owns 55,231 shares of the bank's stock worth $642,000 after buying an additional 11,422 shares during the period. Bank of America Corp DE raised its position in shares of Northfield Bancorp by 0.9% in the 4th quarter. Bank of America Corp DE now owns 110,130 shares of the bank's stock worth $1,280,000 after buying an additional 973 shares during the period. Finally, Graham Capital Management L.P. raised its position in shares of 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 buying an additional 4,131 shares during the period. 65.51% of the stock is owned by hedge funds and other institutional investors.

Northfield Bancorp Trading Up 1.2%

Shares of NFBK traded up $0.14 during trading hours on Wednesday, hitting $11.45. The stock had a trading volume of 321,132 shares, compared to its average volume of 147,083. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $478.72 million, a P/E ratio of 13.31 and a beta of 0.87. The company's fifty day simple moving average is $11.37 and its 200 day simple moving average is $11.25. Northfield Bancorp, Inc. has a 12-month low of $9.40 and a 12-month high of $14.39.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share for the quarter, topping the consensus estimate 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%. Equities research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were paid a $0.13 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.5%. Northfield Bancorp's dividend payout ratio (DPR) is 60.47%.

Northfield Bancorp 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.