Pinebridge Investments L.P. lowered its holdings in Northfield Bancorp Inc (NASDAQ:NFBK) by 18.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 73,331 shares of the bank’s stock after selling 17,087 shares during the quarter. Pinebridge Investments L.P.’s holdings in Northfield Bancorp were worth $1,144,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of NFBK. BNP Paribas Arbitrage SA grew its position in Northfield Bancorp by 183.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,090 shares of the bank’s stock valued at $140,000 after purchasing an additional 6,531 shares during the period. SG Americas Securities LLC grew its position in Northfield Bancorp by 150.9% in the 1st quarter. SG Americas Securities LLC now owns 19,800 shares of the bank’s stock valued at $275,000 after purchasing an additional 11,909 shares during the period. Comerica Bank grew its position in Northfield Bancorp by 2.7% in the 1st quarter. Comerica Bank now owns 46,453 shares of the bank’s stock valued at $674,000 after purchasing an additional 1,235 shares during the period. Texas Permanent School Fund grew its position in Northfield Bancorp by 4.2% in the 1st quarter. Texas Permanent School Fund now owns 32,106 shares of the bank’s stock valued at $446,000 after purchasing an additional 1,307 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Northfield Bancorp by 10.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 65,104 shares of the bank’s stock valued at $902,000 after purchasing an additional 6,000 shares during the period. 57.90% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on NFBK. Zacks Investment Research raised shares of Northfield Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, July 30th. BidaskClub raised shares of Northfield Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 13th.
NFBK traded up $0.13 during mid-day trading on Thursday, reaching $15.91. 5,802 shares of the stock were exchanged, compared to its average volume of 133,123. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $784.62 million, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54. The company has a 50 day moving average price of $15.59 and a two-hundred day moving average price of $15.11. Northfield Bancorp Inc has a 1 year low of $12.76 and a 1 year high of $16.31.
Northfield Bancorp (NASDAQ:NFBK) last posted its quarterly earnings data on Wednesday, July 24th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $29.73 million for the quarter, compared to analysts’ expectations of $29.96 million. Northfield Bancorp had a return on equity of 4.88% and a net margin of 21.75%. Sell-side analysts expect that Northfield Bancorp Inc will post 0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Tuesday, August 6th. Northfield Bancorp’s dividend payout ratio is 57.89%.
Northfield Bancorp Company Profile
Northfield Bancorp, Inc (Staten Island, NY) 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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