Assenagon Asset Management S.A. Purchases New Position in Northfield Bancorp, Inc. $NFBK

Assenagon Asset Management S.A. acquired a new position in Northfield Bancorp, Inc. (NASDAQ:NFBK) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,384 shares of the bank’s stock, valued at approximately $547,000. Assenagon Asset Management S.A. owned about 0.10% of Northfield Bancorp as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFBK. Bank of America Corp DE increased its holdings in Northfield Bancorp by 181.9% in the 3rd quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock worth $3,494,000 after buying an additional 191,079 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Northfield Bancorp by 99.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 218,707 shares of the bank’s stock worth $2,500,000 after acquiring an additional 109,012 shares during the period. First Trust Advisors LP increased its position in Northfield Bancorp by 351.3% during the third 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. Arrowstreet Capital Limited Partnership lifted its holdings in Northfield Bancorp by 17.0% in the third 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 period. Finally, Tudor Investment Corp ET AL purchased a new stake in Northfield Bancorp during the third quarter valued at approximately $1,177,000. 65.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Northfield Bancorp currently has a consensus rating of “Hold” and an average target price of $14.50.

Northfield Bancorp Stock Down 0.8%

NFBK opened at $14.79 on Friday. The stock has a market cap of $617.63 million, a price-to-earnings ratio of 123.25 and a beta of 0.71. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s fifty day moving average is $14.28 and its 200 day moving average is $13.37. Northfield Bancorp, Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $15.01.

Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Tuesday, April 21st. The bank reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $40.38 million during the quarter, compared to analyst estimates of $40.60 million. Northfield Bancorp had a return on equity of 6.75% and a net margin of 1.77%.

Northfield Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.5%. The ex-dividend date was Wednesday, May 6th. Northfield Bancorp’s dividend payout ratio is presently 433.33%.

Northfield Bancorp 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.