Assenagon Asset Management S.A. Makes New $1.94 Million Investment in Northfield Bancorp, Inc. $NFBK

Assenagon Asset Management S.A. bought a new position in Northfield Bancorp, Inc. (NASDAQ:NFBK) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 164,511 shares of the bank’s stock, valued at approximately $1,941,000.

Other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its position in Northfield Bancorp by 94.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 597,877 shares of the bank’s stock worth $6,864,000 after acquiring an additional 290,030 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Northfield Bancorp in the 2nd quarter valued at approximately $1,430,000. Hillsdale Investment Management Inc. lifted its stake in shares of Northfield Bancorp by 122.6% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 207,520 shares of the bank’s stock valued at $2,382,000 after purchasing an additional 114,300 shares during the last quarter. Nuveen LLC purchased a new position in shares of Northfield Bancorp in the 1st quarter worth approximately $1,225,000. Finally, Vanguard Group Inc. increased its position in shares of Northfield Bancorp by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 2,356,797 shares of the bank’s stock valued at $25,713,000 after purchasing an additional 84,883 shares during the last quarter. Institutional investors own 65.51% of the company’s stock.

Northfield Bancorp Stock Performance

NFBK stock opened at $11.86 on Wednesday. Northfield Bancorp, Inc. has a twelve month low of $9.40 and a twelve month high of $12.50. The firm has a market cap of $495.75 million, a price-to-earnings ratio of 12.23 and a beta of 0.87. The business’s fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $11.33. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.31.

Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Thursday, October 23rd. The bank reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The firm had revenue of $39.24 million for the quarter, compared to analysts’ expectations of $39.10 million. Northfield Bancorp had a net margin of 14.92% and a return on equity of 5.20%. Analysts predict that Northfield Bancorp, Inc. will post 0.82 earnings per share for the current year.

Northfield Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Wednesday, November 5th. Northfield Bancorp’s dividend payout ratio is currently 53.61%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFBK. Keefe, Bruyette & Woods lowered their price target on Northfield Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Northfield Bancorp in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Northfield Bancorp currently has an average rating of “Hold” and a consensus price target of $13.00.

About Northfield Bancorp

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.