Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 203,629 shares of the bank’s stock after selling 2,621 shares during the quarter. Principal Financial Group Inc. owned approximately 0.46% of Northfield Bancorp, Inc. (Staten Island, NY) worth $1,979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Trexquant Investment LP purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 3rd quarter worth about $417,000. GSA Capital Partners LLP increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% during the 3rd quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock worth $829,000 after purchasing an additional 74,237 shares during the period. Assenagon Asset Management S.A. increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 26.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 133,180 shares of the bank’s stock worth $1,675,000 after purchasing an additional 27,661 shares during the period. Nisa Investment Advisors LLC increased its holdings in Northfield Bancorp, Inc. (Staten Island, NY) by 21,750.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,740 shares of the bank’s stock worth $110,000 after purchasing an additional 8,700 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth about $249,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.

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

Shares of NASDAQ NFBK traded down $0.01 during trading hours on Friday, reaching $9.29. The stock had a trading volume of 107,978 shares, compared to its average volume of 313,149. The firm has a market cap of $411.92 million, a price-to-earnings ratio of 12.40 and a beta of 0.76. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.58. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $13.48. The firm has a 50-day moving average of $8.80 and a 200-day moving average of $10.04.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last announced its earnings results on Wednesday, April 24th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 14.02% and a return on equity of 4.65%. The firm had revenue of $62.03 million during the quarter, compared to analyst estimates of $30.93 million. Equities research analysts predict that Northfield Bancorp, Inc. will post 0.64 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.52 dividend on an annualized basis and a yield of 5.60%. Northfield Bancorp, Inc. (Staten Island, NY)’s payout ratio is 69.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Piper Sandler dropped their price objective on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st.

Insiders Place Their Bets

In other Northfield Bancorp, Inc. (Staten Island, NY) news, Director Annette Catino purchased 15,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $8.10 per share, with a total value of $121,500.00. Following the acquisition, the director now directly owns 21,000 shares of the company’s stock, valued at $170,100. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Annette Catino acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $8.10 per share, with a total value of $121,500.00. Following the purchase, the director now directly owns 21,000 shares of the company’s stock, valued at approximately $170,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick Louis Ryan acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $7.53 per share, with a total value of $75,300.00. Following the completion of the purchase, the director now directly owns 30,000 shares in the company, valued at $225,900. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 39,351 shares of company stock valued at $307,229. 6.48% of the stock is owned by company insiders.

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.