Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Free Report) by 82.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,604 shares of the bank's stock after selling 89,784 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% in the 3rd quarter. Signaturefd LLC now owns 2,143 shares of the bank's stock valued at $25,000 after acquiring an additional 1,488 shares during the last quarter. nVerses Capital LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 105.9% during the second quarter. nVerses Capital LLC now owns 3,500 shares of the bank's stock worth $33,000 after purchasing an additional 1,800 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 57.9% during the third quarter. Point72 Asset Management L.P. now owns 5,054 shares of the bank's stock worth $59,000 after purchasing an additional 1,854 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 13.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,752 shares of the bank's stock worth $159,000 after buying an additional 2,030 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 65.51% of the company's stock.

Analysts Set New Price Targets

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

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

In other news, Director Annette Catino sold 22,000 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the sale, the director now owns 225,653 shares in the company, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.48% of the stock is owned by company insiders.

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

Shares of NFBK traded down $0.03 during mid-day trading on Thursday, reaching $11.93. 300,821 shares of the company's stock were exchanged, compared to its average volume of 264,572. The business's fifty day simple moving average is $12.75 and its 200-day simple moving average is $11.45. The stock has a market capitalization of $511.80 million, a PE ratio of 18.64 and a beta of 0.78. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. The firm had revenue of $62.90 million during the quarter, compared to analysts' expectations of $32.30 million. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 4.36%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)'s dividend payout ratio is presently 81.25%.

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.