JPMorgan Chase & Co. Grows Stock Position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

JPMorgan Chase & Co. grew its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 28.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,962 shares of the bank’s stock after purchasing an additional 78,843 shares during the period. JPMorgan Chase & Co. owned approximately 0.84% of Northfield Bancorp, Inc. (Staten Island, NY) worth $4,171,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth $74,000. KLP Kapitalforvaltning AS purchased a new position in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at about $107,000. Marshall Financial Group LLC acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter valued at approximately $163,000. Ieq Capital LLC purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth approximately $198,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 59.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,544 shares of the bank’s stock valued at $412,000 after purchasing an additional 13,250 shares in the last quarter. 65.51% of the stock is owned by institutional investors and hedge funds.

Northfield Bancorp, Inc. (Staten Island, NY) Trading Up 1.0 %

Shares of NASDAQ NFBK opened at $9.66 on Friday. The stock has a market capitalization of $412.25 million, a P/E ratio of 13.42 and a beta of 0.68. The stock’s 50 day moving average price is $10.97 and its two-hundred day moving average price is $11.77. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.03. Northfield Bancorp, Inc. has a 52-week low of $6.98 and a 52-week high of $14.39.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.21 EPS for the quarter, topping 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%. On average, analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 5th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.52 dividend on an annualized basis and a yield of 5.38%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 72.22%.

Insider Activity

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Gil Chapman sold 11,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total value of $130,790.00. Following the sale, the director now directly owns 48,005 shares of the company’s stock, valued at $570,779.45. This trade represents a 18.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped 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.

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.