Jacobs Levy Equity Management Inc. Grows Stock Holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Jacobs Levy Equity Management Inc. raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 2.4% during the fourth quarter, HoldingsChannel reports. The firm owned 205,986 shares of the bank’s stock after purchasing an additional 4,919 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $2,394,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NFBK. JPMorgan Chase & Co. raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 221.4% during the third quarter. JPMorgan Chase & Co. now owns 280,119 shares of the bank’s stock valued at $3,249,000 after purchasing an additional 192,963 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock valued at $1,703,000 after purchasing an additional 83,960 shares in the last quarter. Marshall Financial Group LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at about $163,000. Empowered Funds LLC raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% during the fourth quarter. Empowered Funds LLC now owns 129,082 shares of the bank’s stock valued at $1,500,000 after purchasing an additional 6,135 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the fourth quarter valued at about $198,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 1.2%

Shares of NASDAQ:NFBK opened at $11.92 on Friday. The stock’s 50-day moving average price is $10.70 and its 200-day moving average price is $11.66. Northfield Bancorp, Inc. has a 12-month low of $6.98 and a 12-month high of $14.39. The stock has a market capitalization of $508.70 million, a P/E ratio of 16.56 and a beta of 0.75. 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) last announced its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.12% and a net margin of 11.76%. The firm had revenue of $34.81 million for the quarter, compared to analysts’ expectations of $29.82 million. On average, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.36%. The ex-dividend date is Wednesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 68.42%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFBK. Keefe, Bruyette & Woods lowered their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $14.00 in a research note on Friday, May 2nd.

Insiders Place Their Bets

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 owns 48,005 shares in the company, valued at approximately $570,779.45. This trade represents a 18.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank P. Patafio sold 5,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the completion of the sale, the director now owns 147,938 shares of the company’s stock, valued at approximately $1,498,611.94. This trade represents a 3.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.95% of the company’s stock.

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.