PNC Financial Services Group Inc. cut its position in shares of Northfield Bancorp Inc. (NASDAQ:NFBK) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,031 shares of the company’s stock after selling 12 shares during the period. PNC Financial Services Group Inc.’s holdings in Northfield Bancorp were worth $297,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Huntington Asset Advisors Inc. purchased a new stake in shares of Northfield Bancorp during the first quarter worth approximately $164,000. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Northfield Bancorp during the second quarter worth approximately $179,000. BNP Paribas Arbitrage SA boosted its stake 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 during the period. Royal Bank of Canada boosted its stake 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 during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake 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 during the period. 49.92% of the stock is owned by hedge funds and other institutional investors.
Northfield Bancorp Inc. (NASDAQ:NFBK) traded up 2.16% on Friday, hitting $16.09. The stock had a trading volume of 34,682 shares. The company has a market cap of $713.59 million, a P/E ratio of 34.23 and a beta of 0.27. The stock has a 50 day moving average price of $15.86 and a 200 day moving average price of $15.62. Northfield Bancorp Inc. has a 1-year low of $14.31 and a 1-year high of $16.68.
Northfield Bancorp (NASDAQ:NFBK) last released its earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Northfield Bancorp had a return on equity of 3.89% and a net margin of 17.13%. The company earned $25.64 million during the quarter, compared to analyst estimates of $24.90 million. During the same quarter in the previous year, the company posted $0.10 EPS. Northfield Bancorp’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities research analysts expect that Northfield Bancorp Inc. will post $0.55 EPS for the current fiscal year.
Separately, Hovde Group started coverage on Northfield Bancorp in a research note on Friday, August 12th. They issued a “market perform” rating and a $16.00 price objective for the company.
In other news, Director Patrick E. Scura, Jr. sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $15.88, for a total value of $39,700.00. Following the completion of the sale, the director now owns 81,846 shares of the company’s stock, valued at approximately $1,299,714.48. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.50% of the stock is 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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