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

Renaissance Technologies LLC lifted its position in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 21.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,308,449 shares of the bank’s stock after purchasing an additional 233,300 shares during the quarter. Renaissance Technologies LLC owned about 3.13% of Northfield Bancorp worth $17,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. M3F Inc. acquired a new position in Northfield Bancorp in the 1st quarter worth approximately $10,516,000. Bank of America Corp DE lifted its stake in Northfield Bancorp by 181.9% during the 3rd quarter. Bank of America Corp DE now owns 296,137 shares of the bank’s stock valued at $3,494,000 after acquiring an additional 191,079 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Northfield Bancorp by 99.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 218,707 shares of the bank’s stock valued at $2,500,000 after acquiring an additional 109,012 shares during the period. First Trust Advisors LP boosted its holdings in shares of Northfield Bancorp by 351.3% in the 3rd 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. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Northfield Bancorp by 17.0% in the 3rd 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 last quarter. Institutional investors and hedge funds own 65.51% of the company’s stock.

Wall Street Analyst Weigh In

NFBK has been the subject of several recent research reports. Wall Street Zen raised shares of Northfield Bancorp to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings downgraded Northfield Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.50.

Northfield Bancorp Price 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 firm has a market cap of $639.35 million, a price-to-earnings ratio of 127.58 and a beta of 0.71. The company has a 50 day moving average price of $14.68 and a 200-day moving average price of $13.83. Northfield Bancorp, Inc. has a 1-year low of $9.90 and a 1-year high of $15.61.

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.