Quest Partners LLC Purchases 23,111 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Quest Partners LLC grew its position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 93.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,892 shares of the bank’s stock after acquiring an additional 23,111 shares during the period. Quest Partners LLC owned about 0.11% of Northfield Bancorp, Inc. (Staten Island, NY) worth $556,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NFBK. Millennium Management LLC lifted its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 877.7% in the 2nd quarter. Millennium Management LLC now owns 1,074,151 shares of the bank’s stock valued at $10,183,000 after purchasing an additional 964,286 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 69.7% in the second quarter. AQR Capital Management LLC now owns 924,716 shares of the bank’s stock valued at $8,766,000 after buying an additional 379,695 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 2nd quarter worth approximately $2,180,000. GSA Capital Partners LLP increased its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 367.8% during the 3rd quarter. GSA Capital Partners LLP now owns 197,895 shares of the bank’s stock worth $2,296,000 after acquiring an additional 155,592 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 753.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 134,317 shares of the bank’s stock valued at $1,273,000 after acquiring an additional 118,581 shares during the period. 65.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on NFBK. Keefe, Bruyette & Woods upped their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) from $9.50 to $11.25 and gave the company a “market perform” rating in a report on Tuesday, July 30th. StockNews.com cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a report on Friday.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Up 3.6 %

NFBK stock opened at $13.78 on Friday. The business’s fifty day moving average price is $12.13 and its two-hundred day moving average price is $10.91. The stock has a market capitalization of $591.22 million, a price-to-earnings ratio of 21.53 and a beta of 0.74. Northfield Bancorp, Inc. has a fifty-two week low of $6.98 and a fifty-two week high of $14.28. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.09 and a quick ratio of 1.09.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $62.90 million for the quarter, compared to analyst estimates of $32.30 million. Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 10.94% and a return on equity of 4.05%. On average, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.66 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Wednesday, November 6th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is currently 81.25%.

Northfield Bancorp, Inc. (Staten Island, NY) Company 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.