Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 211.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,976 shares of the bank's stock after purchasing an additional 25,095 shares during the period. Squarepoint Ops LLC owned about 0.09% of Northfield Bancorp, Inc. (Staten Island, NY) worth $430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock worth $4,171,000 after buying an additional 78,843 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 106.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 122,927 shares of the bank's stock worth $1,428,000 after acquiring an additional 63,398 shares in the last quarter. Hsbc Holdings PLC raised its position 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 worth $757,000 after acquiring an additional 54,436 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 33.5% during the 4th quarter. Jane Street Group LLC now owns 174,424 shares of the bank's stock worth $2,027,000 after purchasing an additional 43,814 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 19.8% during the fourth quarter. Two Sigma Advisers LP now owns 201,500 shares of the bank's stock valued at $2,341,000 after purchasing an additional 33,300 shares in the last quarter. 65.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their target price on 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. Piper Sandler upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and increased their price target for the company from $13.00 to $14.00 in a research note on Friday, May 2nd.

Insiders Place Their Bets

In other news, Director Frank P. Patafio sold 5,000 shares of the firm's stock in a transaction dated 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 directly owns 147,938 shares in the company, valued at $1,498,611.94. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.95% of the company's stock.

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

NFBK stock traded up $0.33 during trading on Friday, reaching $12.03. The company had a trading volume of 186,820 shares, compared to its average volume of 249,462. The company has a market cap of $512.79 million, a price-to-earnings ratio of 16.71 and a beta of 0.80. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $14.39. 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 firm has a 50-day simple moving average of $10.85 and a 200-day simple moving average of $11.51.

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 (EPS) for the quarter, topping 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 analysts' expectations of $29.82 million. As a group, sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.13 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.32%. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio (DPR) is currently 68.42%.

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.