Northfield Bancorp, Inc. $NFBK Stock Position Decreased 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 decreased its position in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,042 shares of the bank's stock after selling 24,885 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.23% of Northfield Bancorp worth $1,070,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Northfield Bancorp by 113.7% in the first quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after acquiring an additional 2,059 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Northfield Bancorp during the 4th quarter valued at $125,000. TIAA Trust National Association acquired a new stake in shares of Northfield Bancorp in the 1st quarter valued at $141,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Northfield Bancorp by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank's stock valued at $152,000 after purchasing an additional 1,159 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in Northfield Bancorp by 38.7% in the fourth quarter. Graham Capital Management L.P. now owns 14,794 shares of the bank's stock worth $172,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company's stock.

Northfield Bancorp Trading Down 0.3%

Northfield Bancorp stock opened at $11.88 on Tuesday. Northfield Bancorp, Inc. has a one year low of $9.40 and a one year high of $14.39. The company's fifty day moving average price is $11.43 and its two-hundred day moving average price is $11.24. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $496.70 million, a price-to-earnings ratio of 13.81 and a beta of 0.87.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $33.21 million during 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, analysts forecast that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a $0.52 dividend on an annualized basis and a yield of 4.4%. Northfield Bancorp's dividend payout ratio is presently 60.47%.

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.

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