Arrowstreet Capital Limited Partnership Sells 146,517 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Arrowstreet Capital Limited Partnership cut its stake in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 27.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 388,678 shares of the bank's stock after selling 146,517 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.91% of Northfield Bancorp, Inc. (Staten Island, NY) worth $4,516,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NFBK. Quarry LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth approximately $28,000. Point72 Asset Management L.P. boosted its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank's stock valued at $59,000 after purchasing an additional 1,854 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at $74,000. KLP Kapitalforvaltning AS purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the 4th quarter worth $107,000. Finally, Marshall Financial Group LLC bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter worth $163,000. Hedge funds and other institutional investors own 65.51% of the company's stock.

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

In other news, Director Gil Chapman sold 11,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the sale, the director now directly owns 48,005 shares of the company's stock, valued at $570,779.45. This represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.48% of the stock is currently owned by company insiders.

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Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 1.7 %

Northfield Bancorp, Inc. (Staten Island, NY) stock traded down $0.17 during mid-day trading on Friday, hitting $9.59. The company had a trading volume of 180,864 shares, compared to its average volume of 256,800. Northfield Bancorp, Inc. has a 12 month low of $6.98 and a 12 month high of $14.39. The stock's 50 day moving average price is $11.21 and its two-hundred day moving average price is $11.83. The company has a market capitalization of $413.48 million, a PE ratio of 13.32 and a beta of 0.68. 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. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 5th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio (DPR) is presently 72.22%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price objective 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 note on Monday, January 27th.

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.