Rafferty Asset Management LLC cut its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 55.9% in the 4th quarter, according to the company in its most recent filing with the Securities and 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 approximately 0.08% of Northfield Bancorp, Inc. (Staten Island, NY) worth $375,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at about $74,000. Quarry LP increased its position in Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% in the 4th quarter. Quarry LP now owns 6,981 shares of the bank's stock valued at $81,000 after buying an additional 4,599 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at about $107,000. ProShare Advisors LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at about $125,000. Finally, Jump Financial LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at about $143,000. 65.51% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
NFBK has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th. Piper Sandler upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $13.00 to $14.00 in a research note on Friday, May 2nd.
Check Out Our Latest Research Report on NFBK
Insider Activity 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 stock in a transaction on Monday, April 28th. The stock was sold at an average price of $10.13, for a total transaction of $50,650.00. Following the sale, the director now owns 147,938 shares in the company, valued at $1,498,611.94. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.95% of the stock is owned by company insiders.
Northfield Bancorp, Inc. (Staten Island, NY) Stock Performance
Shares of NASDAQ NFBK traded up $0.29 during midday trading on Tuesday, reaching $11.71. The company's stock had a trading volume of 104,708 shares, compared to its average volume of 248,734. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. The firm has a 50 day moving average price of $10.75 and a 200-day moving average price of $11.62. The stock has a market capitalization of $499.15 million, a P/E ratio of 16.26 and a beta of 0.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00.
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $29.82 million. As a group, equities analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.
Northfield Bancorp, Inc. (Staten Island, NY) Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were paid 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 4.44%. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is 68.42%.
About Northfield Bancorp, Inc. (Staten Island, NY)
(
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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