Assenagon Asset Management S.A. Sells 106,894 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Assenagon Asset Management S.A. trimmed its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 63.1% in the third quarter, HoldingsChannel reports. The fund owned 62,636 shares of the bank’s stock after selling 106,894 shares during the period. Assenagon Asset Management S.A.’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $727,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NFBK. Signaturefd LLC lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank’s stock worth $25,000 after acquiring an additional 1,488 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at $30,000. nVerses Capital LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the 2nd quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock valued at $33,000 after buying an additional 1,800 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter valued at $47,000. Finally, EntryPoint Capital LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 1st quarter valued at $53,000. 65.51% of the stock is currently owned by institutional investors.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Down 0.8 %

NASDAQ:NFBK opened at $11.68 on Friday. The company has a fifty day moving average of $11.73 and a 200 day moving average of $10.46. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $13.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $504.46 million, a P/E ratio of 18.25 and a beta of 0.74.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The business had revenue of $62.90 million during the quarter, compared to analyst estimates of $32.30 million. On average, research analysts predict that Northfield Bancorp, Inc. will post 0.67 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.52 annualized dividend and a yield of 4.45%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 81.25%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

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.