Sun Sep 15 10:21:00 UTC 2024: ## Northfield Bancorp Sees Mixed Investor Activity in Q2 2024

**Staten Island, NY – September 15, 2024** – Northfield Bancorp, Inc. (NASDAQ:NFBK) experienced a mixed bag of investor activity during the second quarter of 2024, according to recent SEC filings.

**Quest Partners LLC** reduced its stake in the bank by 23.2%, selling 7,483 shares. However, other institutional investors displayed a more positive outlook. **nVerses Capital LLC** increased its holdings by a significant 105.9%, acquiring an additional 1,800 shares. **EntryPoint Capital LLC** and **Victory Capital Management Inc.** both purchased new positions in Northfield Bancorp during the first and fourth quarters respectively. **CWM LLC** also boosted its stake by a substantial 518.4%, acquiring 11,913 additional shares.

Overall, hedge funds and institutional investors now own 65.51% of Northfield Bancorp’s stock.

The bank’s share price opened at $11.78 on Friday, with a market cap of $508.78 million. The company recently declared a quarterly dividend of $0.13 per share, representing an annualized dividend of $0.52 and a yield of 4.41%.

Analysts at Keefe, Bruyette & Woods raised their target price on Northfield Bancorp shares to $11.25 from $9.50, giving the company a “market perform” rating.

Northfield Bancorp, Inc. provides banking products and services primarily to individuals and corporate customers in the Staten Island area. The company’s stock performance and investor activity will be closely watched in the coming quarters.

Read More