Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 35.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,736 shares of the bank’s stock after buying an additional 8,104 shares during the period. Point72 Asia Singapore Pte. Ltd. owned approximately 0.07% of Northfield Bancorp, Inc. (Staten Island, NY) worth $357,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock valued at $3,249,000 after acquiring an additional 192,963 shares during the period. Assenagon Asset Management S.A. lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock worth $1,703,000 after purchasing an additional 83,960 shares in the last quarter. Marshall Financial Group LLC purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth $163,000. Empowered Funds LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% in the fourth quarter. Empowered Funds LLC now owns 129,082 shares of the bank’s stock valued at $1,500,000 after buying an additional 6,135 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at $198,000. Institutional investors and hedge funds own 65.51% 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 increased their target price for the stock from $13.00 to $14.00 in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lowered their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Tuesday, April 29th.

Insider Activity

In other news, Director Gil Chapman sold 11,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total transaction of $130,790.00. Following the completion of the transaction, the director now directly owns 48,005 shares of the company’s stock, valued at approximately $570,779.45. This represents a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction dated Monday, April 28th. The shares were 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 in the company, valued at approximately $1,498,611.94. The trade was a 3.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.95% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.2%

Shares of NASDAQ NFBK opened at $11.92 on Friday. The stock has a market cap of $508.70 million, a P/E ratio of 16.56 and a beta of 0.75. The business’s fifty day simple moving average is $10.70 and its 200-day simple moving average is $11.66. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. 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) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.01. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. The business had revenue of $34.81 million during the quarter, compared to analysts’ expectations of $29.82 million. As a group, equities analysts predict 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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 68.42%.

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.