Geode Capital Management LLC Sells 36,253 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Geode Capital Management LLC cut its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 881,091 shares of the bank's stock after selling 36,253 shares during the period. Geode Capital Management LLC owned 2.05% of Northfield Bancorp, Inc. (Staten Island, NY) worth $10,241,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NFBK. State Street Corp raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 36.5% in the 3rd quarter. State Street Corp now owns 1,442,937 shares of the bank's stock worth $16,738,000 after purchasing an additional 385,711 shares during the period. American Century Companies Inc. increased its position 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 buying an additional 18,829 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank's stock worth $4,171,000 after buying an additional 78,843 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank's stock valued at $1,703,000 after buying an additional 83,960 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the 4th quarter. Empowered Funds LLC now owns 129,082 shares of the bank's stock valued at $1,500,000 after acquiring an additional 6,135 shares during the period. Hedge funds and other institutional investors own 65.51% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased 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 research note on Monday, January 27th.

Insiders Place Their Bets

In related news, Director Gil Chapman sold 11,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were 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 owns 48,005 shares in the company, valued at approximately $570,779.45. This represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.48% of the stock is currently owned by corporate insiders.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 4.1 %

Shares of NFBK stock opened at $9.96 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day simple moving average of $10.92 and a two-hundred day simple moving average of $11.77. The firm has a market capitalization of $425.05 million, a PE ratio of 13.83 and a beta of 0.68. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts predict that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding NFBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.