By otakuyassine3@gmail.com 
Marshall Financial Group LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,000 shares of the bank’s stock, valued at approximately $163,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 83,960 shares during the period. JPMorgan Chase & Co. lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% during the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock valued at $3,249,000 after buying an additional 192,963 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter valued at approximately $547,000. Barclays PLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% during the third quarter. Barclays PLC now owns 89,471 shares of the bank’s stock valued at $1,038,000 after buying an additional 75,182 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 59.4% during the third quarter. Public Employees Retirement System of Ohio now owns 35,544 shares of the bank’s stock valued at $412,000 after buying an additional 13,250 shares in the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on NFBK. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Keefe, Bruyette & Woods lifted their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.
Get Our Latest Stock Report on NFBK
Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 1.9 %
NASDAQ NFBK opened at $11.66 on Monday. The company’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $12.02. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.50. The stock has a market cap of $500.21 million, a P/E ratio of 16.19 and a beta of 0.80.
Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.13%. Equities research analysts predict that Northfield Bancorp, Inc. will post 0.95 EPS for the current fiscal year.
Northfield Bancorp, Inc. (Staten Island, NY) Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.46%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 72.22%.
Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)
In related news, Director Annette Catino sold 22,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the sale, the director now directly owns 225,653 shares of the company’s stock, valued at $2,960,567.36. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.48% of the company’s stock.
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.
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