AlphaQuest LLC Sells 7,366 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

AlphaQuest LLC trimmed its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 15.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,526 shares of the bank’s stock after selling 7,366 shares during the period. AlphaQuest LLC’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $471,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFBK. Wealth Enhancement Advisory Services LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $138,000. Empowered Funds LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 5.3% in the third quarter. Empowered Funds LLC now owns 122,947 shares of the bank’s stock worth $1,426,000 after buying an additional 6,164 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 7.5% in the third quarter. Thrivent Financial for Lutherans now owns 78,280 shares of the bank’s stock worth $908,000 after buying an additional 5,437 shares in the last quarter. Quest Partners LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 93.3% in the third quarter. Quest Partners LLC now owns 47,892 shares of the bank’s stock worth $556,000 after buying an additional 23,111 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 85.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 63,927 shares of the bank’s stock worth $742,000 after buying an additional 29,531 shares in the last quarter. 65.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFBK. Keefe, Bruyette & Woods decreased their price target on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $14.25 to $13.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Insider Buying and Selling

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $13.12, for a total transaction of $288,640.00. Following the transaction, the director now owns 225,653 shares in the company, valued at approximately $2,960,567.36. This 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. Also, Director Gil Chapman sold 11,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total transaction of $130,790.00. Following the sale, the director now directly owns 48,005 shares in the company, valued at approximately $570,779.45. The trade was a 18.64 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is owned by company insiders.

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

Shares of NASDAQ NFBK opened at $11.05 on Thursday. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.39. The company has a 50 day simple moving average of $11.57 and a two-hundred day simple moving average of $12.02. The company has a market capitalization of $476.43 million, a price-to-earnings ratio of 15.35 and a beta of 0.77. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. Analysts expect that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend was Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 72.22%.

Northfield Bancorp, Inc. (Staten Island, NY) Profile

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.