AQR Capital Management LLC Sells 58,143 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

AQR Capital Management LLC lessened its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 748,264 shares of the bank’s stock after selling 58,143 shares during the period. AQR Capital Management LLC’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $8,695,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 2.9% in the fourth quarter. American Century Companies Inc. now owns 670,618 shares of the bank’s stock worth $7,793,000 after purchasing an additional 18,829 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.1% during the 4th quarter. Northern Trust Corp now owns 405,224 shares of the bank’s stock worth $4,709,000 after acquiring an additional 19,659 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 28.1% during the 4th quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank’s stock valued at $4,171,000 after acquiring an additional 78,843 shares during the period. Invesco Ltd. grew its position in Northfield Bancorp, Inc. (Staten Island, NY) by 11.0% in the 4th quarter. Invesco Ltd. now owns 159,417 shares of the bank’s stock valued at $1,852,000 after acquiring an additional 15,759 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock worth $1,703,000 after purchasing an additional 83,960 shares during the period. 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. Piper Sandler upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $13.00 to $14.00 in a report on Friday, May 2nd. Keefe, Bruyette & Woods reduced their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 29th.

Insider Buying and Selling 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 stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the sale, the director now directly owns 147,938 shares of the company’s stock, valued at approximately $1,498,611.94. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $130,790.00. Following the completion of the transaction, the director now directly owns 48,005 shares in the company, valued at approximately $570,779.45. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.48% of the company’s stock.

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

NFBK opened at $11.30 on Wednesday. The company has a market capitalization of $482.24 million, a price-to-earnings ratio of 15.69 and a beta of 0.75. 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. has a 12-month low of $6.98 and a 12-month high of $14.39. The business’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $11.67.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its earnings results on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $29.82 million. On average, equities research analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 68.42%.

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.