California Public Employees Retirement System grew its stake in shares of Northfield Bancorp, Inc. (NASDAQ:NFBK) by 7.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,427 shares of the bank’s stock after acquiring an additional 9,728 shares during the quarter. California Public Employees Retirement System owned about 0.29% of Northfield Bancorp worth $2,416,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of NFBK. Mutual of America Capital Management LLC increased its holdings in shares of Northfield Bancorp by 12.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 383,793 shares of the bank’s stock valued at $6,555,000 after acquiring an additional 43,437 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Northfield Bancorp by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,237,391 shares of the bank’s stock valued at $56,169,000 after acquiring an additional 42,437 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Northfield Bancorp by 20.8% during the third quarter. Citadel Advisors LLC now owns 170,021 shares of the bank’s stock valued at $2,950,000 after acquiring an additional 29,266 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Northfield Bancorp by 41.6% during the third quarter. Wells Fargo & Company MN now owns 61,936 shares of the bank’s stock valued at $1,074,000 after acquiring an additional 18,196 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Northfield Bancorp during the fourth quarter valued at $260,000. Hedge funds and other institutional investors own 53.33% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Northfield Bancorp from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Tuesday, March 13th. BidaskClub upgraded Northfield Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, March 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $18.50 price target on shares of Northfield Bancorp in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.13.
Northfield Bancorp (NASDAQ:NFBK) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Northfield Bancorp had a return on equity of 5.03% and a net margin of 17.14%. The company had revenue of $30.40 million during the quarter, compared to the consensus estimate of $30.67 million. During the same period last year, the company earned $0.18 EPS. analysts predict that Northfield Bancorp, Inc. will post 0.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.40 annualized dividend and a yield of 2.47%. Northfield Bancorp’s payout ratio is 76.92%.
In other Northfield Bancorp news, Director Patrick E. Scura, Jr. sold 53,905 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $15.68, for a total value of $845,230.40. Following the transaction, the director now directly owns 80,043 shares of the company’s stock, valued at $1,255,074.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael J. Widmer sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.56, for a total value of $155,600.00. Following the completion of the transaction, the executive vice president now directly owns 147,633 shares in the company, valued at $2,297,169.48. The disclosure for this sale can be found here. Insiders sold a total of 151,763 shares of company stock valued at $2,425,744 over the last quarter. 9.34% of the stock is owned by corporate 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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