Jane Street Group LLC Cuts Stock Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Jane Street Group LLC decreased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 33.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,610 shares of the bank’s stock after selling 67,017 shares during the quarter. Jane Street Group LLC’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank’s stock worth $33,000 after purchasing an additional 1,800 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 602,688 shares of the bank’s stock valued at $5,713,000 after buying an additional 62,473 shares during the period. Renaissance Technologies LLC lifted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,437,149 shares of the bank’s stock worth $13,624,000 after acquiring an additional 41,500 shares in the last quarter. Sei Investments Co. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 19.6% in the 2nd quarter. Sei Investments Co. now owns 39,066 shares of the bank’s stock worth $370,000 after acquiring an additional 6,393 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 101.8% in the second quarter. Thrivent Financial for Lutherans now owns 72,843 shares of the bank’s stock valued at $691,000 after acquiring an additional 36,741 shares in the last quarter. 65.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NFBK. Keefe, Bruyette & Woods boosted their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

Insider Buying and Selling

In related news, Director Annette Catino sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $13.12, for a total transaction of $288,640.00. Following the sale, the director now directly owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. This represents a 8.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.48% of the company’s stock.

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

NFBK stock opened at $11.79 on Friday. The stock’s 50 day moving average is $12.75 and its two-hundred day moving average is $11.57. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39. The company has a market capitalization of $505.84 million, a PE ratio of 18.42 and a beta of 0.78. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $62.90 million for the quarter, compared to analysts’ expectations of $32.30 million. Analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.41%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 81.25%.

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

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.