Assenagon Asset Management S.A. Sells 96,985 Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK)

Assenagon Asset Management S.A. lessened its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 66.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,611 shares of the bank's stock after selling 96,985 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of Northfield Bancorp worth $541,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Northfield Bancorp by 113.7% during the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock worth $42,000 after buying an additional 2,059 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Northfield Bancorp in the fourth quarter worth $74,000. Quarry LP raised its holdings in Northfield Bancorp by 193.1% in the fourth quarter. Quarry LP now owns 6,981 shares of the bank's stock worth $81,000 after purchasing an additional 4,599 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Northfield Bancorp in the fourth quarter worth $107,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Northfield Bancorp during the fourth quarter worth $125,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Northfield Bancorp Stock Performance

Shares of NFBK stock traded up $0.30 during midday trading on Monday, hitting $11.56. 155,416 shares of the company were exchanged, compared to its average volume of 204,024. The firm has a market capitalization of $492.80 million, a P/E ratio of 15.21 and a beta of 0.79. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.98 and a current ratio of 0.98. The firm's 50 day moving average price is $11.24 and its two-hundred day moving average price is $11.39. Northfield Bancorp, Inc. has a 52 week low of $8.35 and a 52 week high of $14.39.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $34.81 million during the quarter, compared to the consensus estimate of $29.82 million. Northfield Bancorp had a net margin of 12.35% and a return on equity of 4.34%. As a group, equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Wednesday, May 7th. Northfield Bancorp's payout ratio is 68.42%.

Insider Buying and Selling at Northfield Bancorp

In other Northfield Bancorp news, Director Frank P. Patafio sold 5,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the transaction, the director now directly owns 147,938 shares in the company, valued at approximately $1,498,611.94. This represents a 3.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 6.48% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Piper Sandler upgraded shares of Northfield Bancorp from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $13.00 to $14.00 in a research note on Friday, May 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating for the company in a research report on Tuesday, April 29th.

About Northfield Bancorp

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.