Hsbc Holdings PLC Raises Stock Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Hsbc Holdings PLC lifted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 500.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,304 shares of the bank's stock after purchasing an additional 54,436 shares during the quarter. Hsbc Holdings PLC owned about 0.15% of Northfield Bancorp, Inc. (Staten Island, NY) worth $757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 15.4% in the fourth quarter. First Trust Advisors LP now owns 30,150 shares of the bank's stock worth $350,000 after acquiring an additional 4,023 shares in the last quarter. Jump Financial LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $143,000. Invesco Ltd. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 11.0% during the 4th quarter. Invesco Ltd. now owns 159,417 shares of the bank's stock worth $1,852,000 after purchasing an additional 15,759 shares during the last quarter. Polymer Capital Management US LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at approximately $208,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 30,057 shares of the bank's stock worth $349,000 after buying an additional 4,357 shares during the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NFBK stock traded up $0.15 during trading hours on Thursday, hitting $11.34. The company's stock had a trading volume of 128,661 shares, compared to its average volume of 250,832. The stock has a market cap of $484.12 million, a PE ratio of 15.76 and a beta of 0.75. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. The company has a 50 day moving average of $10.66 and a 200 day moving average of $11.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.03.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $34.81 million for the quarter, compared to the consensus estimate of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. On average, sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s payout ratio is presently 68.42%.

Insiders Place Their Bets

In related news, Director Gil Chapman sold 11,000 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total transaction of $130,790.00. Following the sale, the director now owns 48,005 shares in the company, valued at approximately $570,779.45. This trade represents a 18.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank P. Patafio sold 5,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the transaction, the director now directly owns 147,938 shares of the company's stock, valued at $1,498,611.94. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.95% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler raised Northfield Bancorp, Inc. (Staten Island, NY) from a "neutral" rating to an "overweight" rating and upped their target price for the company from $13.00 to $14.00 in a research report on Friday, May 2nd. Keefe, Bruyette & Woods cut their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a "market perform" rating on the stock in a report on Tuesday, April 29th.

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