Trexquant Investment LP Buys 59,955 Shares of 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 increased its holdings in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 66.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,521 shares of the bank's stock after buying an additional 59,955 shares during the period. Trexquant Investment LP owned 0.35% of Northfield Bancorp worth $1,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Northfield Bancorp by 3.7% during the first quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank's stock worth $25,713,000 after buying an additional 84,883 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake 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 valued at $9,793,000 after purchasing an additional 12,390 shares in the last quarter. American Century Companies Inc. increased its stake in Northfield Bancorp by 0.8% in the first quarter. American Century Companies Inc. now owns 676,028 shares of the bank's stock valued at $7,375,000 after purchasing an additional 5,410 shares in the last quarter. Northern Trust Corp increased 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 purchasing an additional 19,659 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased 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 purchasing an additional 4,919 shares in the last quarter. 65.51% of the stock is owned by institutional investors.

Northfield Bancorp Trading Up 2.9%

NASDAQ:NFBK traded up $0.34 during trading hours on Thursday, hitting $11.98. The stock had a trading volume of 203,678 shares, compared to its average volume of 145,282. Northfield Bancorp, Inc. has a one year low of $9.40 and a one year high of $14.39. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $500.88 million, a price-to-earnings ratio of 13.93 and a beta of 0.87. The business's 50 day moving average is $11.41 and its 200-day moving average is $11.25.

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

Northfield Bancorp Dividend Announcement

The business also recently disclosed 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 of this dividend was Wednesday, August 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.3%. Northfield Bancorp's dividend payout ratio is currently 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.