Northfield Bancorp, Inc. (NASDAQ:NFBK) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) by 156.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,994 shares of the bank's stock after buying an additional 39,614 shares during the period. SG Americas Securities LLC owned approximately 0.15% of Northfield Bancorp worth $709,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NFBK. Bank of America Corp DE increased its holdings in Northfield Bancorp by 0.9% in the fourth quarter. Bank of America Corp DE now owns 110,130 shares of the bank's stock valued at $1,280,000 after buying an additional 973 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Northfield Bancorp by 9.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,076 shares of the bank's stock worth $152,000 after acquiring an additional 1,159 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Northfield Bancorp by 113.7% in the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank's stock valued at $42,000 after acquiring an additional 2,059 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Northfield Bancorp by 7.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,591 shares of the bank's stock worth $495,000 after buying an additional 2,778 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Northfield Bancorp by 5.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,529 shares of the bank's stock valued at $715,000 after buying an additional 3,157 shares during the period. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Northfield Bancorp

In other Northfield Bancorp 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 sale, the director now directly owns 147,938 shares in the company, valued at approximately $1,498,611.94. The trade was a 3.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.48% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NFBK. Keefe, Bruyette & Woods dropped their price objective on shares of Northfield Bancorp from $12.50 to $12.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler upgraded Northfield Bancorp 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.

Northfield Bancorp Stock Performance

Shares of NFBK stock traded up $0.14 during trading hours on Tuesday, reaching $11.70. The stock had a trading volume of 195,071 shares, compared to its average volume of 203,988. The firm has a market capitalization of $498.77 million, a PE ratio of 15.39 and a beta of 0.79. The firm has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $11.39. Northfield Bancorp, Inc. has a twelve month low of $8.35 and a twelve month high of $14.39. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.98 and a quick ratio of 0.98.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $34.81 million during the quarter, compared to analysts' expectations of $29.82 million. Northfield Bancorp had a net margin of 12.35% and a return on equity of 4.34%. As a group, equities analysts forecast that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.44%. The ex-dividend date was Wednesday, May 7th. Northfield Bancorp's dividend payout ratio is currently 68.42%.

Northfield Bancorp 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.