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

Assenagon Asset Management S.A. bought a new position in Northfield Bancorp, Inc. (NASDAQ:NFBK) during the first quarter, Holdings Channel reports. The firm bought 40,384 shares of the bank’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in Northfield Bancorp by 41.6% in the 4th quarter. Signaturefd LLC now owns 3,019 shares of the bank’s stock worth $35,000 after acquiring an additional 887 shares during the last quarter. Russell Investments Group Ltd. boosted its position 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 valued at $41,000 after acquiring an additional 3,181 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Northfield Bancorp during the 3rd quarter valued at approximately $77,000. Cornerstone Planning Group LLC grew its holdings in shares of Northfield Bancorp by 30,922.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 9,617 shares of the bank’s stock valued at $114,000 after purchasing an additional 9,586 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Northfield Bancorp in the fourth quarter valued at $125,000. 65.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Northfield Bancorp Trading Down 0.8%

Shares of NFBK stock opened at $14.79 on Friday. The company has a market cap of $617.63 million, a PE ratio of 123.25 and a beta of 0.71. Northfield Bancorp, Inc. has a 1 year low of $9.90 and a 1 year high of $15.01. The stock’s 50 day simple moving average is $14.28 and its two-hundred day simple moving average is $13.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.98.

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

Northfield Bancorp Announces Dividend

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

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.