Oregon Public Employees Retirement Fund Takes Position in Northfield Bancorp Inc (NFBK)
Oregon Public Employees Retirement Fund purchased a new stake in Northfield Bancorp Inc (NASDAQ:NFBK) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,899 shares of the bank’s stock, valued at approximately $243,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in NFBK. BlackRock Inc. boosted its position in Northfield Bancorp by 4.1% during the third quarter. BlackRock Inc. now owns 6,667,399 shares of the bank’s stock worth $106,145,000 after acquiring an additional 264,939 shares during the last quarter. Vanguard Group Inc boosted its position in Northfield Bancorp by 3.2% during the third quarter. Vanguard Group Inc now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after acquiring an additional 139,919 shares during the last quarter. Vanguard Group Inc. boosted its position in Northfield Bancorp by 3.2% during the third quarter. Vanguard Group Inc. now owns 4,538,643 shares of the bank’s stock worth $72,254,000 after acquiring an additional 139,919 shares during the last quarter. M3F Inc. acquired a new stake in Northfield Bancorp during the fourth quarter worth approximately $1,885,000. Finally, Dimensional Fund Advisors LP boosted its position in Northfield Bancorp by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,630,949 shares of the bank’s stock worth $57,804,000 after acquiring an additional 88,521 shares during the last quarter. Hedge funds and other institutional investors own 57.28% of the company’s stock.
NFBK has been the topic of a number of analyst reports. BidaskClub upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. ValuEngine upgraded shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Zacks Investment Research lowered shares of Northfield Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.25.
Shares of NASDAQ NFBK opened at $14.55 on Friday. Northfield Bancorp Inc has a 1 year low of $12.76 and a 1 year high of $17.33. The company has a market cap of $724.21 million, a P/E ratio of 19.14, a PEG ratio of 2.35 and a beta of 0.59. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.61.
Northfield Bancorp (NASDAQ:NFBK) last announced its earnings results on Wednesday, January 30th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.06). Northfield Bancorp had a return on equity of 5.49% and a net margin of 25.79%. The firm had revenue of $28.64 million for the quarter, compared to analyst estimates of $30.64 million. Sell-side analysts anticipate that Northfield Bancorp Inc will post 0.77 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 13th were issued a $0.10 dividend. The ex-dividend date was Tuesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.75%. Northfield Bancorp’s dividend payout ratio (DPR) is presently 52.63%.
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Northfield Bancorp Company Profile
Northfield Bancorp, Inc operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers. It accepts various deposits products, including transaction accounts comprising negotiable orders of withdrawal accounts and non-interest bearing checking accounts; savings accounts, such as money market, passbook, and statement savings; certificates of deposit consisting of individual retirement accounts; and brokered deposits.
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