Rafferty Asset Management LLC trimmed its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,285 shares of the bank's stock after selling 40,993 shares during the period. Rafferty Asset Management LLC owned 0.08% of Northfield Bancorp, Inc. (Staten Island, NY) worth $375,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $74,000. Quarry LP lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% during the fourth quarter. Quarry LP now owns 6,981 shares of the bank's stock valued at $81,000 after purchasing an additional 4,599 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $107,000. ProShare Advisors LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $125,000. Finally, Jump Financial LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $143,000. 65.51% of the stock is owned by hedge funds and other institutional investors.
Northfield Bancorp, Inc. (Staten Island, NY) Price Performance
Shares of NASDAQ:NFBK traded up $0.08 during midday trading on Thursday, hitting $11.82. The company's stock had a trading volume of 42,164 shares, compared to its average volume of 248,324. The business's 50 day simple moving average is $10.77 and its 200 day simple moving average is $11.62. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $503.63 million, a P/E ratio of 16.41 and a beta of 0.75. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39.
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $34.81 million for the quarter, compared to the consensus estimate of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. On average, analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.
Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.52 annualized dividend and a yield of 4.40%. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is 68.42%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating on the stock in a 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 objective for the company from $13.00 to $14.00 in a report on Friday, May 2nd.
Check Out Our Latest Research Report on NFBK
Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)
In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Frank P. Patafio sold 5,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the transaction, the director now directly owns 147,938 shares in the company, valued at $1,498,611.94. The trade was a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 6.48% of the stock is currently owned by company insiders.
Northfield Bancorp, Inc. (Staten Island, NY) Profile
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Free Report)
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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