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 lowered its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 13.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 646,807 shares of the bank's stock after selling 101,457 shares during the quarter. AQR Capital Management LLC owned approximately 1.52% of Northfield Bancorp worth $7,057,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NFBK. Nuveen LLC bought a new stake in Northfield Bancorp in the first quarter valued at $1,225,000. Trexquant Investment LP increased its holdings in shares of Northfield Bancorp by 66.2% in the 1st quarter. Trexquant Investment LP now owns 150,521 shares of the bank's stock worth $1,642,000 after acquiring an additional 59,955 shares during the period. Squarepoint Ops LLC lifted its position in Northfield Bancorp by 211.2% in the 4th quarter. Squarepoint Ops LLC now owns 36,976 shares of the bank's stock valued at $430,000 after purchasing an additional 25,095 shares during the last quarter. Vanguard Group Inc. boosted its stake in Northfield Bancorp by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank's stock valued at $25,713,000 after purchasing an additional 84,883 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Northfield Bancorp by 113.7% during the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after purchasing an additional 2,059 shares during the period. 65.51% of the stock is owned by institutional investors and hedge funds.

Northfield Bancorp Stock Performance

Shares of NASDAQ:NFBK traded down $0.22 during trading hours on Friday, hitting $11.76. The stock had a trading volume of 111,474 shares, compared to its average volume of 147,005. The stock's fifty day simple moving average is $11.40 and its 200 day simple moving average is $11.25. The firm has a market capitalization of $491.69 million, a price-to-earnings ratio of 13.67 and a beta of 0.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.00 and a current ratio of 1.00. Northfield Bancorp, Inc. has a 1-year low of $9.40 and a 1-year high of $14.39.

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

Northfield Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders 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 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.