GAMMA Investing LLC Has $461,000 Position in Northfield Bancorp, Inc. (NASDAQ:NFBK)

GAMMA Investing LLC lifted its stake in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 2,231.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,222 shares of the bank's stock after acquiring an additional 40,411 shares during the period. GAMMA Investing LLC owned 0.10% of Northfield Bancorp worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings 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. Cubist Systematic Strategies LLC grew its holdings in Northfield Bancorp by 106.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 122,927 shares of the bank's stock valued at $1,428,000 after buying an additional 63,398 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Northfield Bancorp by 500.9% in the 4th quarter. Hsbc Holdings PLC now owns 65,304 shares of the bank's stock valued at $757,000 after buying an additional 54,436 shares during the last quarter. Jane Street Group LLC grew its holdings 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 grew its holdings 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 institutional investors.

Northfield Bancorp Stock Performance

Shares of NASDAQ:NFBK traded up $0.30 during trading on Monday, hitting $11.56. 155,416 shares of the stock were exchanged, compared to its average volume of 204,024. Northfield Bancorp, Inc. has a 1-year low of $8.35 and a 1-year high of $14.39. The company has a market capitalization of $492.80 million, a price-to-earnings ratio of 15.21 and a beta of 0.79. The company's fifty day simple moving average is $11.24 and its 200-day simple moving average is $11.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.98 and a current ratio of 0.98.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced 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. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%. The company had revenue of $34.81 million for the quarter, compared to analyst estimates of $29.82 million. Sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Dividend Announcement

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

Analysts Set New Price Targets

NFBK has been the topic of several recent research reports. Piper Sandler raised Northfield Bancorp from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $13.00 to $14.00 in a report on Friday, May 2nd. Keefe, Bruyette & Woods decreased their price objective on Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, April 29th.

Insider Activity at Northfield Bancorp

In related news, Director Frank P. Patafio sold 5,000 shares of the business's stock in a transaction on Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the sale, the director now owns 147,938 shares of the company's stock, valued at $1,498,611.94. The trade was a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.48% of the stock is owned by insiders.

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.