Millennium Management LLC Has $4.18 Million Stock Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Millennium Management LLC reduced its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 39.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 360,058 shares of the bank's stock after selling 239,527 shares during the period. Millennium Management LLC owned approximately 0.84% of Northfield Bancorp, Inc. (Staten Island, NY) worth $4,184,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the fourth quarter. Empowered Funds LLC now owns 129,082 shares of the bank's stock worth $1,500,000 after acquiring an additional 6,135 shares during the period. Ieq Capital LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at approximately $198,000. Y Intercept Hong Kong Ltd boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 106.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 40,403 shares of the bank's stock worth $469,000 after buying an additional 20,799 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 37.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,648 shares of the bank's stock valued at $1,018,000 after acquiring an additional 23,721 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance

Shares of NASDAQ NFBK traded up $0.02 during midday trading on Tuesday, hitting $11.52. 14,626 shares of the company's stock were exchanged, compared to its average volume of 248,820. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. The company's 50 day moving average price is $10.79 and its 200 day moving average price is $11.55. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. The firm has a market capitalization of $491.05 million, a PE ratio of 16.00 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $34.81 million for the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. As a group, analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.51%. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is presently 68.42%.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In related news, Director Frank P. Patafio sold 5,000 shares of the firm'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 transaction, the director now owns 147,938 shares in the company, valued at approximately $1,498,611.94. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Piper Sandler raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and raised their target price 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, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating for the company in a research report on Tuesday, April 29th.

Northfield Bancorp, Inc. (Staten Island, NY) Company 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.