Tudor Investment Corp ET AL Makes New Investment in Northfield Bancorp, Inc. $NFBK

Tudor Investment Corp ET AL bought a new position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 99,771 shares of the bank’s stock, valued at approximately $1,177,000.

Several other large investors also recently bought and sold shares of NFBK. Hillsdale Investment Management Inc. grew its position in Northfield Bancorp by 156.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 532,920 shares of the bank’s stock worth $6,288,000 after purchasing an additional 325,400 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Northfield Bancorp by 181.9% in the 3rd quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock valued at $3,494,000 after acquiring an additional 191,079 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Northfield Bancorp in the 3rd quarter valued at $1,941,000. First Trust Advisors LP boosted its holdings in shares of Northfield Bancorp by 351.3% in the 3rd quarter. First Trust Advisors LP now owns 138,207 shares of the bank’s stock valued at $1,631,000 after acquiring an additional 107,584 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Northfield Bancorp by 17.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 699,647 shares of the bank’s stock valued at $8,256,000 after acquiring an additional 101,770 shares during the last quarter. Hedge funds and other institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Price Performance

NFBK stock opened at $13.90 on Tuesday. The firm’s fifty day simple moving average is $13.49 and its 200-day simple moving average is $12.07. The company has a market capitalization of $580.52 million, a P/E ratio of 1,390.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.99 and a quick ratio of 0.99. Northfield Bancorp, Inc. has a 12 month low of $9.40 and a 12 month high of $14.11.

Northfield Bancorp (NASDAQ:NFBK) last posted its earnings results on Tuesday, February 3rd. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.06. Northfield Bancorp had a net margin of 0.30% and a return on equity of 5.91%. The firm had revenue of $78.01 million during the quarter, compared to analysts’ expectations of $39.48 million. As a group, equities research analysts forecast that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Thursday, February 12th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Thursday, February 12th. Northfield Bancorp’s payout ratio is currently 5,200.00%.

Insider Buying and Selling at Northfield Bancorp

In other news, Director Paul Stahlin bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average cost of $13.19 per share, for a total transaction of $131,900.00. Following the purchase, the director directly owned 54,354 shares in the company, valued at approximately $716,929.26. This trade represents a 22.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Fasanella bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of $13.07 per share, with a total value of $98,025.00. Following the completion of the purchase, the executive vice president owned 11,500 shares in the company, valued at approximately $150,305. This trade represents a 187.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 5.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. New Street Research set a $14.50 price objective on shares of Northfield Bancorp in a report on Friday, February 6th. Keefe, Bruyette & Woods upped their price objective on shares of Northfield Bancorp from $12.00 to $14.50 and gave the company a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings downgraded shares of Northfield Bancorp from a “hold (c)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.33.

Northfield Bancorp Company Profile

Northfield Bancorp is the bank holding company for Northfield Bank, a New Jersey‐based community bank offering a full range of financial products and services. Headquartered in New Jersey, the company serves individuals, families and small to mid‐sized businesses across Northern and Central New Jersey. Northfield Bancorp focuses on building lasting customer relationships through a combination of personalized service and technology‐driven solutions.

Through its subsidiary, Northfield Bank provides personal banking services such as checking and savings accounts, consumer loans, mortgage products and home equity lines of credit.