Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Position Trimmed by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 16.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,173 shares of the bank’s stock after selling 2,818 shares during the period. Amalgamated Bank’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $178,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NFBK. State of New Jersey Common Pension Fund D grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 20.9% during the third quarter. State of New Jersey Common Pension Fund D now owns 256,138 shares of the bank’s stock worth $2,421,000 after acquiring an additional 44,284 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 26.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 133,180 shares of the bank’s stock worth $1,675,000 after acquiring an additional 27,661 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% during the third quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock worth $829,000 after acquiring an additional 74,237 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth about $417,000. Finally, Barclays PLC grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% during the third quarter. Barclays PLC now owns 26,962 shares of the bank’s stock worth $255,000 after acquiring an additional 2,971 shares during the last quarter. Institutional investors own 65.51% of the company’s stock.

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

Shares of NFBK opened at $9.00 on Friday. The firm has a 50-day moving average price of $9.09 and a 200 day moving average price of $10.37. The firm has a market capitalization of $399.10 million, a PE ratio of 12.00 and a beta of 0.71. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.58. Northfield Bancorp, Inc. has a 52-week low of $7.99 and a 52-week high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. The business had revenue of $62.03 million during the quarter, compared to analyst estimates of $30.93 million. On average, sell-side analysts anticipate that Northfield Bancorp, Inc. will post 0.64 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is presently 69.33%.

Wall Street Analyst Weigh In

NFBK has been the subject of several recent research reports. TheStreet lowered shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods decreased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating for the company in a research report on Friday, April 5th. Finally, Piper Sandler decreased their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st.

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.