Jane Street Group LLC Acquires 43,814 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Jane Street Group LLC boosted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,424 shares of the bank’s stock after acquiring an additional 43,814 shares during the quarter. Jane Street Group LLC owned 0.41% of Northfield Bancorp, Inc. (Staten Island, NY) worth $2,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Northfield Bancorp, Inc. (Staten Island, NY) by 2.9% during the fourth quarter. American Century Companies Inc. now owns 670,618 shares of the bank’s stock worth $7,793,000 after acquiring an additional 18,829 shares in the last quarter. Northern Trust Corp grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 5.1% in the fourth quarter. Northern Trust Corp now owns 405,224 shares of the bank’s stock valued at $4,709,000 after acquiring an additional 19,659 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 28.1% in the fourth quarter. JPMorgan Chase & Co. now owns 358,962 shares of the bank’s stock valued at $4,171,000 after acquiring an additional 78,843 shares in the last quarter. Invesco Ltd. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 11.0% in the fourth quarter. Invesco Ltd. now owns 159,417 shares of the bank’s stock valued at $1,852,000 after acquiring an additional 15,759 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 134.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 146,596 shares of the bank’s stock valued at $1,703,000 after acquiring an additional 83,960 shares in the last quarter. 65.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NFBK. Piper Sandler upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $13.00 to $14.00 in a research note on Friday, May 2nd. Keefe, Bruyette & Woods dropped their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Tuesday, April 29th.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 0.8%

Shares of NASDAQ NFBK opened at $11.82 on Friday. The company has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $11.66. The firm has a market cap of $504.43 million, a PE ratio of 16.42 and a beta of 0.75. Northfield Bancorp, Inc. has a 1 year low of $6.98 and a 1 year high of $14.39. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.00 and a quick ratio of 1.00.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 11.76% and a return on equity of 4.12%. On average, research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current year.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.13 per share. The ex-dividend date is Wednesday, May 7th. This represents a $0.52 annualized dividend and a yield of 4.40%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 68.42%.

Insiders Place Their Bets

In other news, Director Gil Chapman sold 11,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $11.89, for a total value of $130,790.00. Following the completion of the sale, the director now owns 48,005 shares in the company, valued at $570,779.45. The trade was a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank P. Patafio sold 5,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Monday, April 28th. The shares were sold at an average price of $10.13, for a total transaction of $50,650.00. Following the completion of the sale, the director now owns 147,938 shares of the company’s stock, valued at $1,498,611.94. This represents a 3.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.95% of the company’s stock.

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.