Thrivent Financial For Lutherans boosted its position in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,520 shares of the bank’s stock after buying an additional 1,280 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of Northfield Bancorp worth $460,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Northfield Bancorp by 1.0% in the first quarter. Legal & General Group Plc now owns 74,566 shares of the bank’s stock worth $1,344,000 after buying an additional 742 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Northfield Bancorp by 4.0% in the first quarter. Principal Financial Group Inc. now owns 359,494 shares of the bank’s stock worth $6,478,000 after buying an additional 13,689 shares during the last quarter. Credit Agricole S A purchased a new position in shares of Northfield Bancorp during the first quarter worth $1,476,000. Arizona State Retirement System raised its position in shares of Northfield Bancorp by 1.7% in the first quarter. Arizona State Retirement System now owns 23,515 shares of the bank’s stock worth $424,000 after buying an additional 400 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Northfield Bancorp during the first quarter worth $233,000. Institutional investors own 53.02% of the company’s stock.
Shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) traded down 0.31% during midday trading on Wednesday, reaching $15.88. 45,987 shares of the company’s stock were exchanged. The firm has a market cap of $718.60 million, a PE ratio of 21.75 and a beta of 0.33. The stock’s 50-day moving average is $16.85 and its 200 day moving average is $17.54. Northfield Bancorp, Inc. has a one year low of $14.88 and a one year high of $20.59.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Northfield Bancorp had a net margin of 24.13% and a return on equity of 4.93%. The business had revenue of $29.35 million during the quarter, compared to the consensus estimate of $26.20 million. During the same period in the previous year, the firm posted $0.15 earnings per share. Analysts anticipate that Northfield Bancorp, Inc. will post $0.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be paid 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%.
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A number of equities analysts recently weighed in on the stock. Piper Jaffray Companies restated a “hold” rating and issued a $16.50 price objective on shares of Northfield Bancorp in a report on Thursday, August 3rd. BidaskClub lowered shares of Northfield Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods set a $18.00 target price on shares of Northfield Bancorp and gave the company a “hold” rating in a research note on Saturday, May 20th.
In related news, EVP Kenneth J. Doherty sold 6,168 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $16.91, for a total transaction of $104,300.88. Following the completion of the transaction, the executive vice president now owns 190,995 shares of the company’s stock, valued at $3,229,725.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John Wade Alexander sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $16.56, for a total transaction of $331,200.00. Following the transaction, the chief executive officer now directly owns 480,697 shares of the company’s stock, valued at approximately $7,960,342.32. The disclosure for this sale can be found here. Insiders have sold 37,154 shares of company stock valued at $624,715 over the last quarter. 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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