SG Americas Securities LLC Buys 39,614 Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK)

SG Americas Securities LLC raised its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 156.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,994 shares of the bank’s stock after buying an additional 39,614 shares during the quarter. SG Americas Securities LLC owned about 0.15% of Northfield Bancorp worth $709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Northfield Bancorp by 113.7% during the 1st quarter. GAMMA Investing LLC now owns 3,870 shares of the bank’s stock valued at $42,000 after buying an additional 2,059 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Northfield Bancorp during the 4th quarter worth $74,000. Quarry LP lifted its stake in shares of Northfield Bancorp by 193.1% during the 4th quarter. Quarry LP now owns 6,981 shares of the bank’s stock worth $81,000 after purchasing an additional 4,599 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Northfield Bancorp in the fourth quarter valued at about $107,000. Finally, ProShare Advisors LLC acquired a new position in shares of Northfield Bancorp in the fourth quarter valued at about $125,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Insider Transactions at Northfield Bancorp

In other Northfield Bancorp news, Director Frank P. Patafio sold 5,000 shares of Northfield Bancorp stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $10.13, for a total value of $50,650.00. Following the sale, the director now owns 147,938 shares of the company’s stock, valued at $1,498,611.94. This trade represents a 3.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.95% of the company’s stock.

Northfield Bancorp Trading Down 3.1%

Shares of NASDAQ NFBK opened at $11.26 on Friday. The stock has a market capitalization of $480.01 million, a P/E ratio of 14.82 and a beta of 0.80. The stock’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $11.42. Northfield Bancorp, Inc. has a 52-week low of $8.35 and a 52-week high of $14.39. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.08.

Northfield Bancorp (NASDAQ:NFBK) last released its earnings results 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 company had revenue of $34.81 million during the quarter, compared to analyst estimates of $29.82 million. Northfield Bancorp had a return on equity of 4.34% and a net margin of 12.35%. On average, analysts anticipate that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current fiscal year.

Northfield Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Wednesday, May 7th. Northfield Bancorp’s payout ratio is 68.42%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NFBK shares. Keefe, Bruyette & Woods decreased their target price on Northfield Bancorp from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 29th. Piper Sandler raised Northfield Bancorp from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $14.00 in a research report on Friday, May 2nd.

Northfield Bancorp 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.