Northfield Bancorp, Inc. (NFBK) Stake Held by Metropolitan Life Insurance Co. NY
Metropolitan Life Insurance Co. NY continued to hold its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) during the first quarter, Holdings Channel reports. The fund owned 29,019 shares of the bank’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Northfield Bancorp were worth $523,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC boosted its position in shares of Northfield Bancorp by 247.5% in the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock worth $100,000 after buying an additional 3,945 shares during the period. Sei Investments Co. boosted its position in shares of Northfield Bancorp by 6.0% in the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock worth $147,000 after buying an additional 462 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Northfield Bancorp by 1.5% in the first quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock worth $179,000 after buying an additional 142 shares during the period. Karp Capital Management Corp bought a new position in shares of Northfield Bancorp during the first quarter worth about $189,000. Finally, Mason Street Advisors LLC boosted its position in shares of Northfield Bancorp by 7.5% in the first quarter. Mason Street Advisors LLC now owns 10,553 shares of the bank’s stock worth $190,000 after buying an additional 740 shares during the period. Hedge funds and other institutional investors own 53.42% of the company’s stock.
Northfield Bancorp, Inc. (NASDAQ NFBK) traded down 0.31% during midday trading on Friday, hitting $16.02. The stock had a trading volume of 36,580 shares. The stock has a market capitalization of $724.94 million, a price-to-earnings ratio of 21.95 and a beta of 0.33. The company’s 50 day moving average price is $16.92 and its 200-day moving average price is $17.60. Northfield Bancorp, Inc. has a 52 week low of $14.88 and a 52 week high of $20.59.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. The firm had revenue of $29.35 million during the quarter, compared to analyst estimates of $26.20 million. During the same period last year, the company earned $0.15 earnings per share. Equities analysts anticipate that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, August 7th. Northfield Bancorp’s payout ratio is currently 43.84%.
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NFBK has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods set a $18.00 target price on Northfield Bancorp and gave the stock a “hold” rating in a report on Saturday, May 20th. Piper Jaffray Companies restated a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a report on Thursday, August 3rd. Finally, BidaskClub cut Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th.
In other news, Director Patrick E. Scura, Jr. sold 2,503 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $16.59, for a total value of $41,524.77. Following the completion of the transaction, the director now directly owns 66,043 shares of the company’s stock, valued at $1,095,653.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Patrick E. Scura, Jr. sold 8,483 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $17.41, for a total value of $147,689.03. Following the completion of the transaction, the director now directly owns 60,043 shares of the company’s stock, valued at $1,045,348.63. The disclosure for this sale can be found here. Insiders sold 37,986 shares of company stock valued at $638,792 over the last ninety days. Corporate insiders own 9.34% of the company’s stock.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of originating commercial real estate loans and multifamily real estate loans, purchasing investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions.
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