Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 7.5% during the 4th quarter, HoldingsChannel reports. The firm owned 22,380 shares of the bank’s stock after selling 1,821 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NFBK. Assenagon Asset Management S.A. acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth approximately $997,000. GSA Capital Partners LLP boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% during the 3rd quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock worth $829,000 after purchasing an additional 74,237 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 20.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 256,138 shares of the bank’s stock worth $2,421,000 after purchasing an additional 44,284 shares during the last quarter. Trexquant Investment LP acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $417,000. Finally, SG Americas Securities LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at approximately $222,000. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFBK has been the topic of a number of recent analyst reports. TheStreet cut Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Keefe, Bruyette & Woods decreased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Finally, Piper Sandler decreased their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 2.8 %

Shares of NASDAQ NFBK opened at $8.57 on Thursday. The firm has a market cap of $381.02 million, a price-to-earnings ratio of 11.43 and a beta of 0.68. The company has a quick ratio of 1.12, a current ratio of 1.10 and a debt-to-equity ratio of 1.58. Northfield Bancorp, Inc. has a 52-week low of $7.99 and a 52-week high of $13.48. The business’s 50 day moving average is $9.30 and its two-hundred day moving average is $10.33.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $62.03 million during the quarter, compared to analysts’ expectations of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. Research analysts predict that Northfield Bancorp, Inc. will post 0.71 EPS for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 69.33%.

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.