Two Sigma Investments LP Sells 33,965 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Two Sigma Investments LP cut its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 197,522 shares of the bank's stock after selling 33,965 shares during the period. Two Sigma Investments LP owned about 0.46% of Northfield Bancorp, Inc. (Staten Island, NY) worth $2,295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFBK. Quantbot Technologies LP purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $74,000. Quarry LP increased its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% during the 4th quarter. Quarry LP now owns 6,981 shares of the bank's stock valued at $81,000 after purchasing an additional 4,599 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $107,000. ProShare Advisors LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter worth approximately $125,000. Finally, Jump Financial LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at approximately $143,000. 65.51% of the stock is owned by institutional investors.

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

Shares of NFBK stock traded down $0.05 during trading hours on Wednesday, reaching $11.67. 21,293 shares of the company traded hands, compared to its average volume of 248,650. The firm has a 50-day moving average price of $10.80 and a 200 day moving average price of $11.55. The company has a market cap of $497.45 million, a P/E ratio of 16.19 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. has a 12-month low of $6.98 and a 12-month high of $14.39.

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 for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. As a group, sell-side analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.46%. The ex-dividend date was Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is currently 68.42%.

Insiders Place Their Bets

In other news, Director Frank P. Patafio sold 5,000 shares of the company's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.95% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NFBK has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price target 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 report on Tuesday, April 29th. Piper Sandler upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $13.00 to $14.00 in a research note on Friday, May 2nd.

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.