JPMorgan Chase & Co. Acquires 192,963 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

JPMorgan Chase & Co. raised its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 221.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 280,119 shares of the bank’s stock after purchasing an additional 192,963 shares during the period. JPMorgan Chase & Co. owned approximately 0.65% of Northfield Bancorp, Inc. (Staten Island, NY) worth $3,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC increased its holdings in 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 worth $25,000 after buying an additional 1,488 shares in the last quarter. Quarry LP purchased a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter worth $28,000. Point72 Asset Management L.P. purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter valued at $30,000. Point72 DIFC Ltd bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the second quarter valued at about $47,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter valued at about $138,000. Institutional investors own 65.51% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $288,640.00. Following the completion of the transaction, the director now directly owns 225,653 shares of the company’s stock, valued at approximately $2,960,567.36. This trade represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.48% of the stock is currently owned by company insiders.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 0.1 %

NASDAQ NFBK opened at $11.52 on Monday. Northfield Bancorp, Inc. has a 52 week low of $6.98 and a 52 week high of $14.39. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $494.21 million, a P/E ratio of 18.00 and a beta of 0.80. The stock’s 50-day moving average price is $12.49 and its 200-day moving average price is $11.94.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $62.90 million for the quarter, compared to the consensus estimate of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. On average, equities research analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The firm 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is 81.25%.

Wall Street Analyst Weigh In

Several research firms have recently commented on NFBK. StockNews.com raised shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. 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 company a “market perform” rating in a research report on Wednesday, December 4th.

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