Northfield Bancorp, Inc. $NFBK Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC has reduced its position in Northfield Bancorp by 20.2%, resulting in ownership of 98,042 shares worth approximately $1.07 million.
• Northfield Bancorp reported earnings per share (EPS) of $0.24 for the latest quarter, exceeding analysts' expectations of $0.22, though revenue fell short at $33.21 million.
• The bank recently announced a quarterly dividend of $0.13 per share, equating to an annualized yield of 4.4% and a payout ratio of 60.47%.

Cubist Systematic Strategies LLC lowered its holdings in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 20.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,042 shares of the bank's stock after selling 24,885 shares during the period. Cubist Systematic Strategies LLC owned about 0.23% of Northfield Bancorp worth $1,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Northfield Bancorp by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank's stock worth $25,713,000 after purchasing an additional 84,883 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Northfield Bancorp by 1.4% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 897,611 shares of the bank's stock worth $9,793,000 after buying an additional 12,390 shares during the period. American Century Companies Inc. increased its position in Northfield Bancorp by 0.8% in the first quarter. American Century Companies Inc. now owns 676,028 shares of the bank's stock worth $7,375,000 after buying an additional 5,410 shares during the period. Northern Trust Corp lifted its stake in Northfield Bancorp by 5.1% in the fourth quarter. Northern Trust Corp now owns 405,224 shares of the bank's stock valued at $4,709,000 after buying an additional 19,659 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Northfield Bancorp by 2.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 205,986 shares of the bank's stock valued at $2,394,000 after buying an additional 4,919 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Northfield Bancorp Stock Performance

NASDAQ:NFBK traded down $0.22 during mid-day trading on Friday, hitting $11.76. The stock had a trading volume of 111,474 shares, compared to its average volume of 147,005. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.26. The company has a 50 day simple moving average of $11.40 and a 200-day simple moving average of $11.25. The stock has a market capitalization of $491.69 million, a price-to-earnings ratio of 13.67 and a beta of 0.87. Northfield Bancorp, Inc. has a 52 week low of $9.40 and a 52 week high of $14.39.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The firm had revenue of $33.21 million for the quarter, compared to the consensus estimate of $34.25 million. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%. On average, research analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.4%. Northfield Bancorp's dividend payout ratio (DPR) is 60.47%.

Northfield Bancorp 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.