Healthcare of Ontario Pension Plan Trust Fund Makes New $1.12 Million Investment in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK)

Posted by Defense World Staff on Feb 27th, 2023

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 78,400 shares of the bank’s stock, valued at approximately $1,122,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.16% of Northfield Bancorp, Inc. (Staten Island, NY) at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFBK. Captrust Financial Advisors boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 171.8% during the first quarter. Captrust Financial Advisors now owns 2,264 shares of the bank’s stock worth $33,000 after purchasing an additional 1,431 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Northfield Bancorp, Inc. (Staten Island, NY) by 15.7% during the second quarter. Mutual of America Capital Management LLC now owns 7,227 shares of the bank’s stock worth $94,000 after purchasing an additional 979 shares during the period. Trexquant Investment LP acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth approximately $137,000. Teacher Retirement System of Texas acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the third quarter worth approximately $150,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Northfield Bancorp, Inc. (Staten Island, NY) during the second quarter worth approximately $165,000. 57.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on NFBK. StockNews.com cut shares of Northfield Bancorp, Inc. (Staten Island, NY) from a “hold” rating to a “sell” rating in a report on Sunday, February 19th. Piper Sandler raised their price objective on shares of Northfield Bancorp, Inc. (Staten Island, NY) to $17.00 in a research report on Tuesday, November 1st.

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

Shares of NFBK opened at $14.67 on Monday. The firm has a market cap of $700.79 million, a PE ratio of 11.11 and a beta of 0.65. The firm’s 50 day moving average price is $15.22 and its 200 day moving average price is $15.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 1.01. Northfield Bancorp, Inc. has a twelve month low of $11.87 and a twelve month high of $16.13.

Northfield Bancorp, Inc. (Staten Island, NY) (NASDAQ:NFBK – Get Rating) last issued its quarterly earnings data on Wednesday, January 25th. The bank reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Northfield Bancorp, Inc. (Staten Island, NY) had a net margin of 32.57% and a return on equity of 8.65%. The business had revenue of $42.56 million for the quarter, compared to the consensus estimate of $43.79 million. As a group, research analysts expect that Northfield Bancorp, Inc. will post 1.14 EPS for the current fiscal year.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 22nd. Stockholders of record on Wednesday, February 8th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Tuesday, February 7th. Northfield Bancorp, Inc. (Staten Island, NY)’s dividend payout ratio is 39.39%.

Insider Activity

In other news, Director Frank P. Patafio sold 3,400 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $14.60, for a total value of $49,640.00. Following the transaction, the director now owns 201,524 shares of the company’s stock, valued at $2,942,250.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Frank P. Patafio sold 3,400 shares of Northfield Bancorp, Inc. (Staten Island, NY) stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $14.60, for a total value of $49,640.00. Following the transaction, the director now owns 201,524 shares of the company’s stock, valued at $2,942,250.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Steven M. Klein sold 2,158 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $14.55, for a total transaction of $31,398.90. Following the completion of the sale, the chief executive officer now owns 436,918 shares in the company, valued at approximately $6,357,156.90. The disclosure for this sale can be found here. Insiders have sold a total of 17,622 shares of company stock valued at $265,786 over the last 90 days. 6.00% of the stock is currently owned by company insiders.

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

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Northfield Bancorp, Inc is a holding company which engages in the provision of banking and financial services. Through its subsidiary, Northfield Bank, its business consists of originating multifamily and other commercial real estate loans, purchasing investment securities, including mortgage-backed securities and corporate bonds, and, to a lesser extent, depositing funds in other financial institutions.