Trexquant Investment LP Has $1.64 Million Stock Holdings in Northfield Bancorp, Inc. $NFBK

Key Points

• Trexquant Investment LP increased its position in Northfield Bancorp, Inc. by 66.2%, acquiring a total of 150,521 shares valued at approximately $1.64 million.
• Northfield Bancorp reported $0.24 earnings per share for the last quarter, surpassing analysts' expectations of $0.22.
• The bank declared a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 4.4% for shareholders.

Trexquant Investment LP boosted its stake in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 66.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,521 shares of the bank's stock after buying an additional 59,955 shares during the quarter. Trexquant Investment LP owned approximately 0.35% of Northfield Bancorp worth $1,642,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NFBK. First Trust Advisors LP boosted its stake in Northfield Bancorp by 15.4% in the 4th quarter. First Trust Advisors LP now owns 30,150 shares of the bank's stock valued at $350,000 after buying an additional 4,023 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Northfield Bancorp by 7.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,591 shares of the bank's stock worth $495,000 after purchasing an additional 2,778 shares in the last quarter. Northern Trust Corp boosted 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 worth $4,709,000 after purchasing an additional 19,659 shares in the last quarter. Jane Street Group LLC boosted its stake in Northfield Bancorp by 33.5% in the fourth quarter. Jane Street Group LLC now owns 174,424 shares of the bank's stock worth $2,027,000 after purchasing an additional 43,814 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Northfield Bancorp by 15.6% in the fourth quarter. Algert Global LLC now owns 26,795 shares of the bank's stock worth $311,000 after purchasing an additional 3,613 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company's stock.

Northfield Bancorp Price Performance

Shares of NFBK stock remained flat at $11.64 on Wednesday. The stock had a trading volume of 47,175 shares, compared to its average volume of 177,583. The company has a market capitalization of $486.67 million, a PE ratio of 13.53 and a beta of 0.87. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.39. 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 firm's 50 day moving average price is $11.42 and its 200 day moving average price is $11.24.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The business 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, research analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Wednesday, August 6th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, August 6th. Northfield Bancorp's 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.