JPMorgan Chase & Co. Purchases 78,843 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

JPMorgan Chase & Co. raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 28.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 358,962 shares of the bank's stock after purchasing an additional 78,843 shares during the period. JPMorgan Chase & Co. owned 0.84% of Northfield Bancorp, Inc. (Staten Island, NY) worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at about $74,000. KLP Kapitalforvaltning AS acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at approximately $107,000. Marshall Financial Group LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at approximately $163,000. Ieq Capital LLC acquired a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter valued at $198,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 59.4% in the third 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 last quarter. Hedge funds and other institutional investors own 65.51% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th.

Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the business's stock in a transaction 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 owns 48,005 shares in the company, valued at approximately $570,779.45. The trade was a 18.64 % decrease in their position. The sale 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

NASDAQ:NFBK traded down $0.08 during trading hours on Thursday, reaching $9.86. 11,540 shares of the company traded hands, compared to its average volume of 255,090. The firm's 50-day moving average is $10.89 and its 200-day moving average is $11.75. The stock has a market cap of $420.79 million, a P/E ratio of 13.71 and a beta of 0.68. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $34.81 million for the quarter, compared to analysts' expectations of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. Equities research analysts expect that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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.