Price T Rowe Associates Inc. MD Acquires 2,778 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,591 shares of the bank’s stock after purchasing an additional 2,778 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $495,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NFBK. First Trust Advisors LP boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 15.4% in the fourth quarter. First Trust Advisors LP now owns 30,150 shares of the bank’s stock valued at $350,000 after buying an additional 4,023 shares in the last quarter. Wells Fargo & Company MN boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 17.0% in the fourth quarter. Wells Fargo & Company MN now owns 30,057 shares of the bank’s stock valued at $349,000 after buying an additional 4,357 shares in the last quarter. Empowered Funds LLC boosted its position in Northfield Bancorp, Inc. (Staten Island, NY) by 5.0% in the fourth quarter. Empowered Funds LLC now owns 129,082 shares of the bank’s stock valued at $1,500,000 after buying an additional 6,135 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at approximately $74,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the fourth quarter valued at approximately $107,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

Insider Transactions at Northfield Bancorp, Inc. (Staten Island, NY)

In other news, 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 transaction, the director now owns 147,938 shares in the company, valued at approximately $1,498,611.94. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gil Chapman sold 11,000 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $11.89, for a total transaction of $130,790.00. Following the transaction, the director now directly owns 48,005 shares of the company’s stock, valued at $570,779.45. This represents a 18.64% decrease in their position. The disclosure for this sale can be found here. 5.95% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NFBK shares. Keefe, Bruyette & Woods cut their target price on shares of Northfield Bancorp, Inc. (Staten Island, NY) 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 upgraded shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “neutral” rating to an “overweight” rating and raised their target price for the company from $13.00 to $14.00 in a research report on Friday, May 2nd.

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

Shares of NASDAQ:NFBK opened at $11.72 on Wednesday. The firm has a market cap of $500.16 million, a PE ratio of 16.28 and a beta of 0.75. The firm’s fifty day moving average is $10.67 and its 200-day moving average is $11.66. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.00 and a current ratio of 1.00. 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 issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $34.81 million for 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%. Sell-side analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.44%. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is presently 68.42%.

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.