PharVision Advisers LLC Takes $304,000 Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

PharVision Advisers LLC acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 26,188 shares of the bank’s stock, valued at approximately $304,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth $74,000. Quarry LP grew its holdings in shares of 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 valued at $81,000 after purchasing an additional 4,599 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth about $107,000. ProShare Advisors LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth about $125,000. Finally, Jump Financial LLC purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter worth about $143,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 3.3%

Shares of NASDAQ:NFBK opened at $11.54 on Thursday. The company has a market capitalization of $491.90 million, a price-to-earnings ratio of 16.03 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 business has a 50-day moving average price of $10.75 and a 200 day moving average price of $11.66. 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 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. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. The company had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million. Sell-side analysts expect that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.51%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is currently 68.42%.

Analyst Upgrades and Downgrades

NFBK has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their price target 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. Piper Sandler upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd.

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

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Frank P. Patafio sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 147,938 shares in the company, valued at $1,498,611.94. This represents a 3.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.95% of the stock is owned by insiders.

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