Northfield Bancorp, Inc. $NFBK Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 21.7% during the first quarter, HoldingsChannel.com reports. The firm owned 1,308,449 shares of the bank’s stock after purchasing an additional 233,300 shares during the period. Renaissance Technologies LLC’s holdings in Northfield Bancorp were worth $17,716,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NFBK. Signaturefd LLC increased its position in shares of Northfield Bancorp by 41.6% in the fourth quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock valued at $35,000 after buying an additional 887 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Northfield Bancorp by 1,195.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,447 shares of the bank’s stock worth $41,000 after buying an additional 3,181 shares during the period. Quadrant Capital Group LLC purchased a new position in shares of Northfield Bancorp during the 3rd quarter valued at approximately $77,000. Cornerstone Planning Group LLC lifted its position in shares of Northfield Bancorp by 30,922.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after buying an additional 9,586 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Northfield Bancorp in the 4th quarter valued at $125,000. 65.51% of the stock is owned by institutional investors and hedge funds.

Northfield Bancorp Stock Performance

NASDAQ NFBK opened at $15.31 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $14.68 and its 200-day simple moving average is $13.83. The company has a market cap of $639.35 million, a PE ratio of 127.58 and a beta of 0.71. Northfield Bancorp, Inc. has a 1-year low of $9.90 and a 1-year high of $15.61.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NFBK. Weiss Ratings downgraded shares of Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Wall Street Zen raised shares of Northfield Bancorp to a “hold” rating in a research note on Saturday, July 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.50.

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.