Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,549 shares of the bank’s stock after selling 3,132 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $204,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth $74,000. Quarry LP raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 193.1% in 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at about $107,000. Jump Financial LLC bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at about $143,000. Finally, Marshall Financial Group LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth approximately $163,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

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

NASDAQ NFBK opened at $11.64 on Friday. 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. has a 1 year low of $6.98 and a 1 year high of $14.39. The company has a market cap of $496.75 million, a PE ratio of 16.17 and a beta of 0.68. The stock’s 50-day moving average price is $10.69 and its two-hundred day moving average price is $11.70.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results 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. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. The business had revenue of $34.81 million for the quarter, compared to analyst estimates of $29.82 million. On average, analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be issued a $0.13 dividend. The ex-dividend date is Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.47%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 68.42%.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In related news, Director Gil Chapman sold 11,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 48,005 shares of the company’s stock, valued at approximately $570,779.45. The trade was a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $50,650.00. Following the completion of the sale, the director now owns 147,938 shares of the company’s stock, 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. 6.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NFBK shares. Keefe, Bruyette & Woods reduced their target price 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 report on Tuesday. Piper Sandler raised Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $14.00 in a research note on Friday.

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.