California State Teachers Retirement System decreased its stake in Northfield Bancorp, Inc. (NASDAQ:NFBK) by 11.2% during the second quarter, Holdings Channel reports. The fund owned 88,272 shares of the company’s stock after selling 11,099 shares during the period. California State Teachers Retirement System owned 0.20% of Northfield Bancorp worth $1,309,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NFBK. Aperio Group LLC boosted its position in Northfield Bancorp by 21.8% in the first quarter. Aperio Group LLC now owns 15,545 shares of the company’s stock valued at $256,000 after buying an additional 2,779 shares during the last quarter. Renaissance Technologies LLC boosted its position in Northfield Bancorp by 4.7% in the first quarter. Renaissance Technologies LLC now owns 1,832,368 shares of the company’s stock valued at $30,124,000 after buying an additional 82,100 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in Northfield Bancorp during the second quarter valued at approximately $179,000. BlackRock Group LTD boosted its position in Northfield Bancorp by 8.2% in the first quarter. BlackRock Group LTD now owns 46,002 shares of the company’s stock valued at $756,000 after buying an additional 3,494 shares during the last quarter. Finally, Huntington Asset Advisors Inc. acquired a new position in Northfield Bancorp during the first quarter valued at approximately $164,000. Institutional investors and hedge funds own 49.92% of the company’s stock.
Northfield Bancorp, Inc. (NASDAQ:NFBK) traded down 0.43% during trading on Friday, hitting $16.18. The stock had a trading volume of 113,260 shares. Northfield Bancorp, Inc. has a 52-week low of $14.31 and a 52-week high of $16.68. The company has a 50-day moving average of $15.77 and a 200 day moving average of $15.63. The firm has a market cap of $717.58 million, a P/E ratio of 34.43 and a beta of 0.27.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share (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 the consensus estimate of $24.90 million. Northfield Bancorp had a return on equity of 3.89% and a net margin of 17.13%. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. On average, equities research analysts predict that Northfield Bancorp, Inc. will post $0.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were paid a $0.08 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.98%. Northfield Bancorp’s dividend payout ratio (DPR) is currently 68.09%.
Separately, Hovde Group initiated coverage on Northfield Bancorp in a research report 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 firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $15.88, for a total value of $39,700.00. Following the transaction, the director now directly owns 81,846 shares in the company, valued at approximately $1,299,714.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.50% of the stock is owned by insiders.
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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