Amalgamated Bank Sells 2,818 Shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Amalgamated Bank lowered its stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) by 16.6% during the fourth quarter, HoldingsChannel reports. The firm owned 14,173 shares of the bank’s stock after selling 2,818 shares during the quarter. Amalgamated Bank’s holdings in Northfield Bancorp, Inc. (Staten Island, NY) were worth $178,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System bought a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the 4th quarter worth approximately $249,000. GSA Capital Partners LLP raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 550.0% in the 3rd quarter. GSA Capital Partners LLP now owns 87,735 shares of the bank’s stock valued at $829,000 after acquiring an additional 74,237 shares during the period. Trexquant Investment LP bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $417,000. Assenagon Asset Management S.A. bought a new stake in Northfield Bancorp, Inc. (Staten Island, NY) in the 3rd quarter valued at $997,000. Finally, Barclays PLC raised its stake in Northfield Bancorp, Inc. (Staten Island, NY) by 12.4% in the 3rd quarter. Barclays PLC now owns 26,962 shares of the bank’s stock valued at $255,000 after acquiring an additional 2,971 shares during the period. Institutional investors own 65.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $12.00 to $11.00 and set a “market perform” rating on the stock in a research note on Friday, April 5th. TheStreet cut Northfield Bancorp, Inc. (Staten Island, NY) from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Finally, Piper Sandler dropped their price target on Northfield Bancorp, Inc. (Staten Island, NY) from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st.

Northfield Bancorp, Inc. (Staten Island, NY) Stock Down 5.6 %

NFBK stock opened at $9.00 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $399.10 million, a price-to-earnings ratio of 12.00 and a beta of 0.71. The business’s fifty day moving average price is $9.09 and its two-hundred day moving average price is $10.37. Northfield Bancorp, Inc. has a fifty-two week low of $7.99 and a fifty-two week high of $13.48.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $62.03 million for the quarter, compared to the consensus estimate of $30.93 million. Northfield Bancorp, Inc. (Staten Island, NY) had a return on equity of 4.65% and a net margin of 14.02%. On average, equities analysts anticipate that Northfield Bancorp, Inc. will post 0.64 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 5.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio (DPR) is currently 69.33%.

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