Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 134.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,596 shares of the bank’s stock after buying an additional 83,960 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.34% of Northfield Bancorp, Inc. (Staten Island, NY) worth $1,703,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of 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 acquiring an additional 1,488 shares in the last quarter. Quarry LP bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter valued at about $28,000. Point72 Asset Management L.P. acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth about $30,000. Point72 DIFC Ltd acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth about $47,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the third quarter worth about $138,000. 65.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Northfield Bancorp, Inc. (Staten Island, NY)

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino sold 22,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Monday, December 16th. The stock was sold at an average price of $13.12, for a total value of $288,640.00. Following the completion of the transaction, the director now owns 225,653 shares in the company, valued at approximately $2,960,567.36. The trade was a 8.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NFBK. StockNews.com upgraded Northfield Bancorp, Inc. (Staten Island, NY) from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Keefe, Bruyette & Woods raised their price target 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 note on Wednesday, December 4th.

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

NASDAQ NFBK opened at $11.88 on Friday. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $509.65 million, a price-to-earnings ratio of 18.56 and a beta of 0.80. The company has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $11.97.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. Equities research analysts predict that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 4.38%. The ex-dividend date is Wednesday, February 5th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 81.25%.

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.