Tudor Investment Corp ET AL Sells 24,057 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Tudor Investment Corp ET AL decreased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,364 shares of the bank's stock after selling 24,057 shares during the period. Tudor Investment Corp ET AL owned 0.30% of Northfield Bancorp, Inc. (Staten Island, NY) worth $1,492,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NFBK. Quantbot Technologies LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $74,000. Quarry LP boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% during the fourth quarter. Quarry LP now owns 6,981 shares of the bank's stock worth $81,000 after acquiring an additional 4,599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $107,000. Jump Financial LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at $143,000. Finally, Marshall Financial Group LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth $163,000. Hedge funds and other institutional investors own 65.51% of the company's stock.

Insider Activity

In other news, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.13, for a total value 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. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gil Chapman sold 11,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total value of $130,790.00. Following the sale, the director now directly owns 48,005 shares of the company's stock, valued at $570,779.45. This represents a 18.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NFBK shares. Keefe, Bruyette & Woods reduced 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 report on Tuesday, April 29th. Piper Sandler raised 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 report on Friday.

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

Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $11.64 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. Northfield Bancorp, Inc. has a twelve month low of $6.98 and a twelve month high of $14.39. The company's 50-day moving average price is $10.69 and its 200-day moving average price is $11.68. The company has a market cap of $496.75 million, a PE ratio of 16.17 and a beta of 0.75.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The business 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, equities research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio (DPR) is 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.

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