Spark Investment Management LLC continued to hold its position in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,242 shares of the bank’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Northfield Bancorp were worth $501,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of NFBK. Louisiana State Employees Retirement System increased its position in shares of Northfield Bancorp by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the bank’s stock worth $317,000 after buying an additional 100 shares during the period. BNP Paribas Arbitrage SA increased 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. Prudential Financial Inc. increased its position in shares of Northfield Bancorp by 0.4% in the first quarter. Prudential Financial Inc. now owns 83,298 shares of the bank’s stock worth $1,501,000 after buying an additional 300 shares during the period. Arizona State Retirement System increased 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 period. Finally, Sei Investments Co. increased 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. 53.42% of the stock is owned by institutional investors and hedge funds.
Northfield Bancorp, Inc. (NASDAQ:NFBK) opened at 15.86 on Friday. Northfield Bancorp, Inc. has a 52 week low of $14.88 and a 52 week high of $20.59. The stock has a market capitalization of $717.70 million, a P/E ratio of 21.73 and a beta of 0.33. The stock’s 50 day moving average price is $16.90 and its 200-day moving average price is $17.58.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings data 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 business had revenue of $29.35 million during the quarter, compared to the consensus estimate 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 firm posted $0.15 earnings per share. Equities research analysts expect that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current year.
The firm also recently disclosed 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 dividend payout ratio is presently 43.84%.
A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods set a $18.00 target price on Northfield Bancorp and gave the stock a “hold” rating in a research note on Saturday, May 20th. Piper Jaffray Companies reissued a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th.
In other news, EVP Kenneth J. Doherty sold 6,168 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was 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 directly owns 190,995 shares in the company, valued at $3,229,725.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Wade Alexander sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $16.56, for a total value of $331,200.00. Following the transaction, the chief executive officer now owns 480,697 shares of the company’s stock, valued at $7,960,342.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,986 shares of company stock valued at $638,792. 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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