Quantbot Technologies LP Invests $74,000 in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Quantbot Technologies LP purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,336 shares of the bank’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% during the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank’s stock valued at $16,738,000 after acquiring an additional 385,711 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% during the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock worth $3,249,000 after purchasing an additional 192,963 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 48.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 201,067 shares of the bank’s stock valued at $2,332,000 after purchasing an additional 66,003 shares during the last quarter. FMR LLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 226.1% in the third quarter. FMR LLC now owns 190,416 shares of the bank’s stock valued at $2,209,000 after buying an additional 132,016 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings 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 buying an additional 83,960 shares during the last quarter. 65.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com raised Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods cut their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

Insider Buying and Selling

In related news, Director Gil Chapman sold 11,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total value of $130,790.00. Following the sale, the director now owns 48,005 shares of the company’s stock, valued at approximately $570,779.45. This trade represents a 18.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.48% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.3 %

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock opened at $10.91 on Tuesday. The company has a market capitalization of $470.40 million, a P/E ratio of 15.15 and a beta of 0.77. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50-day moving average of $11.55 and a two-hundred day moving average of $11.96. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. As a group, equities analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a $0.13 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.52 annualized dividend and a yield of 4.77%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 72.22%.

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.