Quarry LP Acquires New Holdings in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Quarry LP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,382 shares of the bank’s stock, valued at approximately $28,000.

Several other institutional investors also recently modified their holdings of NFBK. Signaturefd LLC boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 227.2% during 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at about $30,000. nVerses Capital LLC grew its holdings in shares of 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 during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at approximately $47,000. Finally, CWM LLC raised its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 518.4% in the 2nd quarter. CWM LLC now owns 14,211 shares of the bank’s stock valued at $135,000 after buying an additional 11,913 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors and hedge funds.

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

NASDAQ:NFBK opened at $12.91 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.09 and a current ratio of 1.09. 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 $12.63 and a two-hundred day simple moving average of $11.32. The company has a market capitalization of $553.89 million, a PE ratio of 20.17 and a beta of 0.78.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 business had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. Research analysts anticipate that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.13 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.52 annualized dividend and a dividend yield of 4.03%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 81.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on NFBK. Keefe, Bruyette & Woods boosted their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $14.25 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a report on Thursday, December 5th.

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.