JPMorgan Chase & Co. Acquires 192,963 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

JPMorgan Chase & Co. boosted its holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 221.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,119 shares of the bank's stock after purchasing an additional 192,963 shares during the quarter. JPMorgan Chase & Co. owned 0.65% of Northfield Bancorp, Inc. (Staten Island, NY) worth $3,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth about $547,000. Barclays PLC increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 526.2% in the 3rd quarter. Barclays PLC now owns 89,471 shares of the bank's stock valued at $1,038,000 after buying an additional 75,182 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 59.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,544 shares of the bank's stock valued at $412,000 after buying an additional 13,250 shares during the period. State Street Corp increased 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 valued at $16,738,000 after buying an additional 385,711 shares during the period. Finally, Quarry LP bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Insider Activity at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were 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 $2,960,567.36. The trade was a 8.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.48% of the stock is currently owned by insiders.

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

Shares of Northfield Bancorp, Inc. (Staten Island, NY) stock traded up $0.01 during midday trading on Monday, hitting $11.52. 124,862 shares of the company traded hands, compared to its average volume of 186,993. The stock has a market cap of $494.25 million, a price-to-earnings ratio of 18.00 and a beta of 0.80. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. The firm's fifty day moving average price is $12.49 and its 200-day moving average price is $11.94. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last announced 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. The company had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. As a group, sell-side analysts forecast that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio (DPR) is presently 81.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NFBK shares. Keefe, Bruyette & Woods raised their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the company a "market perform" rating in a report on Wednesday, December 4th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a "sell" rating to a "hold" rating in a report on Thursday, December 5th.

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.