First Trust Advisors LP boosted its position in Northfield Bancorp Inc. (NASDAQ:NFBK) by 20.2% during the second quarter, Holdings Channel reports. The institutional investor owned 108,588 shares of the company’s stock after buying an additional 18,275 shares during the period. First Trust Advisors LP owned about 0.24% of Northfield Bancorp worth $1,610,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Huntington Asset Advisors Inc. purchased a new position in shares of Northfield Bancorp during the first quarter worth $164,000. Royal Bank of Canada increased its position in shares of Northfield Bancorp by 129.3% in the first quarter. Royal Bank of Canada now owns 11,340 shares of the company’s stock worth $186,000 after buying an additional 6,395 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Northfield Bancorp during the second quarter worth $179,000. BNP Paribas Arbitrage SA increased its position in shares of Northfield Bancorp by 132.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,344 shares of the company’s stock worth $183,000 after buying an additional 7,038 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Northfield Bancorp by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 12,553 shares of the company’s stock worth $186,000 after buying an additional 116 shares in the last quarter. 49.92% of the stock is owned by institutional investors and hedge funds.
Northfield Bancorp Inc. (NASDAQ:NFBK) traded down 0.25% during midday trading on Wednesday, reaching $15.91. 24,487 shares of the company’s stock traded hands. The company’s 50-day moving average price is $15.83 and its 200-day moving average price is $15.62. The stock has a market cap of $705.61 million, a P/E ratio of 33.85 and a beta of 0.27. Northfield Bancorp Inc. has a 52-week low of $14.31 and a 52-week high of $16.68.
Northfield Bancorp (NASDAQ:NFBK) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $25.64 million for the quarter, compared to analyst estimates of $24.90 million. Northfield Bancorp had a net margin of 17.13% and a return on equity of 3.89%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities analysts predict that Northfield Bancorp Inc. will post $0.55 EPS for the current fiscal year.
Separately, Hovde Group assumed coverage on shares of Northfield Bancorp in a research note on Friday, August 12th. They set a “market perform” rating and a $16.00 target price for the company.
In other news, Director Patrick E. Scura, Jr. sold 2,500 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $15.88, for a total value of $39,700.00. Following the transaction, the director now owns 81,846 shares of the company’s stock, valued at approximately $1,299,714.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is currently owned by insiders.
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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