Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Holdings Reduced by Rafferty Asset Management LLC

Rafferty Asset Management LLC lowered its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 55.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,285 shares of the bank's stock after selling 40,993 shares during the quarter. 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 institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank's stock worth $1,703,000 after buying an additional 83,960 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 37.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,648 shares of the bank's stock worth $1,018,000 after buying an additional 23,721 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 78,843 shares in the last quarter. Jane Street Group LLC raised its stake 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 purchasing an additional 43,814 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 500.9% in the 4th quarter. Hsbc Holdings PLC now owns 65,304 shares of the bank's stock valued at $757,000 after purchasing an additional 54,436 shares in the last quarter. Institutional investors and hedge funds own 65.51% of the company's stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 0.7%

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock traded up $0.09 during trading on Wednesday, reaching $11.80. The company had a trading volume of 201,981 shares, compared to its average volume of 174,547. The company has a market cap of $502.77 million, a price-to-earnings ratio of 16.41 and a beta of 0.75. The firm's fifty day moving average is $10.76 and its 200-day 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. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39.

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

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend was Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is presently 68.42%.

Insider Activity at Northfield Bancorp, Inc. (Staten Island, NY)

In related 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 transaction of $50,650.00. Following the completion of the sale, the director now owns 147,938 shares of the company's stock, valued at $1,498,611.94. This represents a 3.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFBK. Piper Sandler upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and upped their target price for the company from $13.00 to $14.00 in a research note on Friday, May 2nd. Keefe, Bruyette & Woods cut their target price 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 research note on Tuesday, April 29th.

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