Assenagon Asset Management S.A. Decreases Holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK)

Assenagon Asset Management S.A. trimmed its holdings in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 66.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,611 shares of the bank's stock after selling 96,985 shares during the period. Assenagon Asset Management S.A. owned 0.12% of Northfield Bancorp worth $541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Northfield Bancorp by 37.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,648 shares of the bank's stock worth $1,018,000 after purchasing an additional 23,721 shares during the period. Squarepoint Ops LLC boosted 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 buying an additional 25,095 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Northfield Bancorp by 28.1% in the 4th quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock valued at $4,171,000 after buying an additional 78,843 shares during the last quarter. Jane Street Group LLC boosted its position in Northfield Bancorp by 33.5% in the 4th 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. Finally, Two Sigma Advisers LP boosted its position in Northfield Bancorp by 19.8% in the 4th quarter. Two Sigma Advisers LP now owns 201,500 shares of the bank's stock valued at $2,341,000 after buying an additional 33,300 shares during the last quarter. 65.51% of the stock is owned by hedge funds and other institutional investors.

Northfield Bancorp Price Performance

NFBK opened at $11.62 on Friday. The firm has a market cap of $495.36 million, a price-to-earnings ratio of 15.29 and a beta of 0.80. Northfield Bancorp, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $14.39. The company's 50-day moving average price is $11.17 and its 200 day moving average price is $11.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.08.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $34.81 million for the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp had a net margin of 12.35% and a return on equity of 4.34%. As a group, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a $0.13 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.52 annualized dividend and a dividend yield of 4.48%. Northfield Bancorp's payout ratio is currently 68.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NFBK shares. 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. Piper Sandler raised shares of Northfield Bancorp from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd.

Insider Buying and Selling at Northfield Bancorp

In related news, Director Frank P. Patafio sold 5,000 shares of the firm'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 transaction of $50,650.00. Following the transaction, the director now owns 147,938 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.95% of the stock is owned by company insiders.

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.

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