First Trust Advisors LP cut its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,262 shares of the bank’s stock after selling 4,065 shares during the period. First Trust Advisors LP owned about 0.19% of Northfield Bancorp worth $1,462,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LS Investment Advisors LLC lifted its position in Northfield Bancorp by 247.5% during the first quarter. LS Investment Advisors LLC now owns 5,539 shares of the bank’s stock valued at $100,000 after purchasing an additional 3,945 shares in the last quarter. Sei Investments Co. lifted its position in Northfield Bancorp by 6.0% during the first quarter. Sei Investments Co. now owns 8,144 shares of the bank’s stock valued at $147,000 after purchasing an additional 462 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Northfield Bancorp by 80.1% during the second quarter. State of Alaska Department of Revenue now owns 8,969 shares of the bank’s stock valued at $153,000 after purchasing an additional 3,989 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Northfield Bancorp by 1.5% during the first quarter. BNP Paribas Arbitrage SA now owns 9,918 shares of the bank’s stock valued at $179,000 after purchasing an additional 142 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in Northfield Bancorp during the first quarter valued at $189,000. Institutional investors own 53.41% of the company’s stock.
Several equities analysts recently weighed in on the company. BidaskClub downgraded Northfield Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and set a $16.50 target price on shares of Northfield Bancorp in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $18.00 target price on Northfield Bancorp and gave the company a “hold” rating in a research report on Saturday, May 20th. Finally, DA Davidson assumed coverage on Northfield Bancorp in a research report on Friday, September 1st. They set a “neutral” rating and a $17.00 target price on the stock.
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Northfield Bancorp, Inc. (NFBK) opened at 16.00 on Friday. The stock has a market capitalization of $724.03 million, a P/E ratio of 21.92 and a beta of 0.34. Northfield Bancorp, Inc. has a 52-week low of $14.88 and a 52-week high of $20.59. The company’s 50-day moving average price is $16.08 and its 200 day moving average price is $17.18.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.18 EPS for the quarter, beating the 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 company had revenue of $29.35 million for the quarter, compared to analyst estimates of $26.20 million. During the same period in the prior year, the company earned $0.15 earnings per share. On average, equities research analysts predict that Northfield Bancorp, Inc. will post $0.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, August 7th. Northfield Bancorp’s payout ratio is 43.84%.
About Northfield Bancorp
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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