State Street Corp Lowers Position in Northfield Bancorp, Inc. (NFBK)
State Street Corp decreased its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 1.3% during the first quarter, Holdings Channel reports. The firm owned 1,157,180 shares of the bank’s stock after selling 15,086 shares during the period. State Street Corp’s holdings in Northfield Bancorp were worth $20,852,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of NFBK. BlackRock Inc. raised its position in Northfield Bancorp by 56,692.4% in the first quarter. BlackRock Inc. now owns 5,494,092 shares of the bank’s stock valued at $99,003,000 after buying an additional 5,484,418 shares during the period. Dimensional Fund Advisors LP raised its position in Northfield Bancorp by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,086,317 shares of the bank’s stock valued at $55,616,000 after buying an additional 175,468 shares during the period. Vanguard Group Inc. raised its position in Northfield Bancorp by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,846,694 shares of the bank’s stock valued at $69,317,000 after buying an additional 167,713 shares during the period. Citadel Advisors LLC raised its position in Northfield Bancorp by 218.2% in the first quarter. Citadel Advisors LLC now owns 134,960 shares of the bank’s stock valued at $2,432,000 after buying an additional 92,547 shares during the period. Finally, Credit Agricole S A acquired a new position in Northfield Bancorp during the first quarter valued at $1,476,000. Institutional investors own 53.02% of the company’s stock.
Northfield Bancorp, Inc. (NASDAQ:NFBK) traded up 1.07% during mid-day trading on Monday, reaching $16.03. 4,757 shares of the company’s stock were exchanged. The stock has a market cap of $725.39 million, a P/E ratio of 21.96 and a beta of 0.33. The stock has a 50-day moving average price of $16.90 and a 200-day moving average price of $17.58. 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 earnings results on Wednesday, July 26th. The bank reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $29.35 million during the quarter, compared to analyst estimates of $26.20 million. Northfield Bancorp had a return on equity of 4.93% and a net margin of 24.13%. During the same period in the previous year, the company earned $0.15 EPS. On average, analysts forecast that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.02%. Northfield Bancorp’s payout ratio is currently 43.84%.
Several equities analysts have recently weighed in on NFBK shares. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies restated a “hold” rating and set a $16.50 price objective on shares of Northfield Bancorp in a research report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $18.00 price objective on shares of Northfield Bancorp and gave the company a “hold” rating in a research report on Saturday, May 20th.
In other news, CEO John Wade Alexander sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $16.56, for a total transaction of $331,200.00. Following the completion of the transaction, the chief executive officer now directly owns 480,697 shares in the company, valued at approximately $7,960,342.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patrick E. Scura, Jr. sold 8,483 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $17.41, for a total value of $147,689.03. Following the transaction, the director now 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 have sold a total of 37,986 shares of company stock valued at $638,792 over the last 90 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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