Tudor Investment Corp ET AL Takes $1.18 Million Position in Northfield Bancorp, Inc. $NFBK

Key Points

• Tudor Investment Corp opened a new position in Northfield Bancorp, buying 99,771 shares worth about $1.18 million, or roughly 0.24% of the company.
• Several other institutions (including Arrowstreet, Hillsdale and Bank of America) raised their stakes in Q3, leaving institutional investors with about 65.51% of the stock.
• Company insiders bought shares recently—Director Paul Stahlin purchased 10,000 shares at $13.19 and EVP David Fasanella bought 7,500 at $13.07—bringing insider ownership to about 5.95%.

Tudor Investment Corp ET AL purchased a new stake in Northfield Bancorp, Inc. (NASDAQ:NFBK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 99,771 shares of the bank's stock, valued at approximately $1,177,000. Tudor Investment Corp ET AL owned approximately 0.24% of Northfield Bancorp as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Northfield Bancorp by 17.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 699,647 shares of the bank's stock valued at $8,256,000 after purchasing an additional 101,770 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Northfield Bancorp by 156.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank's stock valued at $6,288,000 after purchasing an additional 325,400 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Northfield Bancorp by 181.9% in the 3rd quarter. Bank of America Corp DE now owns 296,137 shares of the bank's stock valued at $3,494,000 after purchasing an additional 191,079 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Northfield Bancorp by 7.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 268,071 shares of the bank's stock valued at $3,163,000 after purchasing an additional 19,126 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Northfield Bancorp by 2.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 251,917 shares of the bank's stock valued at $2,892,000 after purchasing an additional 6,347 shares in the last quarter. Institutional investors own 65.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFBK shares. New Street Research set a $14.50 price objective on shares of Northfield Bancorp in a research report on Friday, February 6th. Weiss Ratings downgraded shares of Northfield Bancorp from a "hold (c)" rating to a "sell (d+)" rating in a research report on Wednesday, March 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Northfield Bancorp from $12.00 to $14.50 and gave the stock a "hold" rating in a research report on Friday, February 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Northfield Bancorp presently has a consensus rating of "Hold" and a consensus price target of $14.33.

Insider Activity at Northfield Bancorp

In related news, Director Paul Stahlin bought 10,000 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of $13.19 per share, with a total value of $131,900.00. Following the transaction, the director owned 54,354 shares in the company, valued at approximately $716,929.26. This trade represents a 22.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Fasanella bought 7,500 shares of the company's stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $13.07 per share, for a total transaction of $98,025.00. Following the transaction, the executive vice president owned 11,500 shares in the company, valued at $150,305. The trade was a 187.50% increase in their position. The SEC filing for this purchase provides additional information. 5.95% of the stock is currently owned by insiders.

Northfield Bancorp Price Performance

Shares of Northfield Bancorp stock opened at $13.90 on Tuesday. The firm's 50 day moving average price is $13.49 and its 200-day moving average price is $12.07. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.39. Northfield Bancorp, Inc. has a 52-week low of $9.40 and a 52-week high of $14.11. The company has a market cap of $580.52 million, a P/E ratio of 1,390.00 and a beta of 0.75.

Northfield Bancorp (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The firm had revenue of $78.01 million for the quarter, compared to the consensus estimate of $39.48 million. On average, sell-side analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Thursday, February 12th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, February 12th. Northfield Bancorp's payout ratio is currently 5,200.00%.

About Northfield Bancorp

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.

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