Swiss National Bank Lowers Stock Holdings in Northfield Bancorp, Inc. $NFBK

Swiss National Bank trimmed its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,800 shares of the bank’s stock after selling 1,600 shares during the quarter. Swiss National Bank owned 0.18% of Northfield Bancorp worth $816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NFBK. Vanguard Group Inc. boosted its holdings in Northfield Bancorp by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank’s stock valued at $25,713,000 after acquiring an additional 84,883 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Northfield Bancorp by 106.5% during the 4th quarter. Cubist Systematic Strategies LLC now owns 122,927 shares of the bank’s stock valued at $1,428,000 after acquiring an additional 63,398 shares during the period. Hsbc Holdings PLC boosted its holdings in Northfield Bancorp by 500.9% during the 4th quarter. Hsbc Holdings PLC now owns 65,304 shares of the bank’s stock valued at $757,000 after acquiring an additional 54,436 shares during the period. Jane Street Group LLC boosted its holdings in Northfield Bancorp by 33.5% during the 4th quarter. Jane Street Group LLC now owns 174,424 shares of the bank’s stock valued at $2,027,000 after acquiring an additional 43,814 shares during the period. Finally, GAMMA Investing LLC raised its position in Northfield Bancorp by 2,231.4% in the 1st quarter. GAMMA Investing LLC now owns 42,222 shares of the bank’s stock valued at $461,000 after purchasing an additional 40,411 shares in the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

Northfield Bancorp Price Performance

Shares of NASDAQ NFBK opened at $11.81 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.00 and a current ratio of 1.00. Northfield Bancorp, Inc. has a fifty-two week low of $9.40 and a fifty-two week high of $14.39. The firm has a market capitalization of $493.78 million, a PE ratio of 13.73 and a beta of 0.84. The stock’s 50-day simple moving average is $11.38 and its 200-day simple moving average is $11.24.

Northfield Bancorp (NASDAQ:NFBK) last issued its earnings results on Wednesday, July 23rd. The bank reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. Northfield Bancorp had a return on equity of 4.64% and a net margin of 13.56%.The business had revenue of $33.21 million for the quarter, compared to analyst estimates of $34.25 million. As a group, equities research analysts forecast that Northfield Bancorp, Inc. will post 0.82 EPS for the current fiscal year.

Northfield Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Wednesday, August 6th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Wednesday, August 6th. Northfield Bancorp’s dividend payout ratio (DPR) is 60.47%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their price target 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 increased their price target for the company from $13.00 to $14.00 in a research report on Friday, May 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.