26,188 Shares in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Acquired by PharVision Advisers LLC

PharVision Advisers LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,188 shares of the bank's stock, valued at approximately $304,000. PharVision Advisers LLC owned 0.06% of Northfield Bancorp, Inc. (Staten Island, NY) at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank's stock valued at $1,703,000 after purchasing an additional 83,960 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 37.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,648 shares of the bank's stock valued at $1,018,000 after buying an additional 23,721 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 28.1% in the 4th quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock valued at $4,171,000 after buying an additional 78,843 shares during the period. Jane Street Group LLC raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 33.5% in the 4th quarter. Jane Street Group LLC now owns 174,424 shares of the bank's stock valued at $2,027,000 after buying an additional 43,814 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 500.9% during the 4th quarter. Hsbc Holdings PLC now owns 65,304 shares of the bank's stock worth $757,000 after acquiring an additional 54,436 shares in the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.4%

NFBK stock traded up $0.17 during midday trading on Tuesday, hitting $11.59. The company's stock had a trading volume of 20,360 shares, compared to its average volume of 248,412. The firm has a 50-day simple moving average of $10.75 and a 200-day simple moving average of $11.62. The firm has a market capitalization of $493.82 million, a P/E ratio of 16.10 and a beta of 0.75. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39.

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

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is presently 68.42%.

Insider Activity

In related news, Director Frank P. Patafio sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the sale, the director now owns 147,938 shares of the company's stock, valued at $1,498,611.94. This trade represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.95% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on NFBK. Keefe, Bruyette & Woods dropped their target price on 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. Piper Sandler raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd.

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

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.